Compute the cost of the ending inventory

Assignment Help Accounting Basics
Reference no: EM131769893

The following are the reported numbers in the month of June (attached).

Calculate weighted-average unit cost.

Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to 0 decimal places, e.g. 125.)

How do I calculate this? For example, for the weighted-average, I got 3255, which was wrong.

Reference no: EM131769893

Questions Cloud

Prepare a depreciation schedule assuming actual mileage : Prepare a depreciation schedule assuming actual mileage, Salvage value is expected
Suppose the population of a city can be modeled : Suppose the population of a city can be modeled by the function P(t)=47,500e^kt where t=o corresponds to the year 2010. In 2015 the population
Determine the inn break-even point in dollars : The Lake Shore Inn is trying to determine its break-even point. Determine the inn's break-even point in (1) number of rented rooms per month and (2) dollars
Find the minimum sample size needed : A researcher wishes to? estimate, with 99?% confidence, the population proportion of adults who are confident with their? country's banking system.
Compute the cost of the ending inventory : Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost
What is the target audience for the mitigation action : Which hazard(s) the action is intended to mitigate. An estimated cost for the mitigation action. What is the target audience for the mitigation action.
Discuss the problem of double marginalization : Discuss the problem of double marginalization. What is it? What causes it? How is it mitigated by a vertical merger?
How to solve and answer the word problem : Please help me to understand how to solve and answer the following word problem.
Uniflex applies overhead on the basis of direct labor cost : Uniflex applies overhead on the basis of direct labor cost. In December 20X4, the company's cost accountant made the following predictions

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare the necessary journal entries

Prepare the necessary journal entries for 2017 for these transactions if Kerrisdale Community College did not use fund accounting

  Mike carlson will receive 16000 a year from the end of the

mike carlson will receive 16000 a year from the end of the third year to the end of the 16thyear 14 payments. the

  Prepare the operating activities section on accrual basis

In developing the cash flows from operating activities, most companies in the U. S. And Using the indirect method, patent amortization expense for the period

  During the past month the company purchased 6800 pounds of

topaz company makes one product and has set the following standards for materials and labordirect materialsdirect

  In which situations price to sales valuation model will work

Choose which one of the following situations the price to sales valuation model will work but the dividend cash flow models will not. The dividend-growth models will work especially well for which of the following situations?

  The cfo to accept or reject the new equipment

What is the net present value of this project and should you convince the CFO to accept or reject the new equipment?

  What are the different bases of accounting

What are the different bases of accounting

  The aicpa remains a valuable organization

Independent professional services that are provided on financial or other information that improve the quality of decision making are known as

  Calculate two overhead rates the first uses machine minutes

hurst mats manufactures custom replacement floor mats for automobiles. the floor mats are made of spun nylon on highly

  At the date of a bond issue the effective rate of interest

at the date of a bond issue the effective rate of interest is significantly above the stated rate of interest. if the

  Alyssas custom cakes currently sells 5 birthday 2 wedding

alyssas custom cakes currently sells 5 birthday 2 wedding and 3 specialty cakes each month for 50 150 and 100 each

  The december 31 2009 balance sheet of schism inc showed

the december 31 2009 balance sheet of schism inc. showed long-term debt of 1.450 million 150000 in the common stock

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd