Reference no: EM133026416
Question - In LIFO, while finding out the ending inventory where did 100 units x $24 come from? Also in COGS why is 700 units multiplied twice with different prices?
The Alpha company uses a periodic inventory system. The beginning balance of inventory and purchases made by the company during the month of July, 2020 are given below:
July 01: Beginning inventory, 625 units @ $32 per unit.
July 18: Inventory purchased, 775 units @ $36 per unit.
July 25: Inventory purchased, 580 units @ $39 per unit.
The Delta company sold 1,375 units during the month of July.
Required - Compute inventory on July 31, 2020 and cost of goods sold for the month of July using following inventory costing methods:
First in, first out (FIFO) method
Last in, first out (LIFO) method
|
Labour relations board
: Assuming the Mills files a complaint with the Labour Relations Board, how would the employer likely respond to the claim(s) made in any filing with the Board?
|
|
Prepare mr jim capital statements
: Prepare Mr Jim's Capital Statements (Statement of Assets and Liabilities) as at end of the years 2018 to 2020 and determine his additional income
|
|
Is it possible to choose a subset of tasks
: Is it possible to choose a subset of tasks that satisfies the prerequisite and incompatibility requirements and moreover earns us at least k.
|
|
How much time uiuc undergraduate students spend
: Assume that you are interested in learning about how much time UIUC undergraduate students spend playing with mobile games on their smartphones on a daily basis
|
|
Compute inventory on july
: Compute inventory on July 31, 2020 and cost of goods sold for the month of July using following inventory costing methods
|
|
What is meant by the autonomy-centre
: Examining the tensiens in workplace ?exibility In your own words explain what is meant by the autonomy-centre] parade}; and how do anthers Suggest reframing as
|
|
What is the value of the bonds to you
: The coupon payments are annual. If you believe that the appropriate discount rate for the bonds is 18.0%, what is the value of the bonds to you
|
|
Center for creative leadership
: Describe the vertical stages identified by the Center for Creative Leadership and the competencies that they identify at each of the stages.
|
|
Assignment on the stress free estates
: "Stress Free Estates" is a national estate planning firm with 2,500 employees in eight states.
|