Reference no: EM131894226
Problem - Periodic: Alternative cost flows
Seminole Company began year 2013 with 23,000 units of product in its January 1 inventory costing $15 each. It made successive purchases of its product in year 2013 as follows. The company uses a periodic inventory system. On December 31, 2013, a physical count reveals that 40,000 units of its product remain in inventory.
Mar. 7 30,000 units @ $18 each
May 25 39,000 units @ $20 each
Aug. 1 23,000 units @ $25 each
Nov. 10 35,000 units @ $26 each References
Required -
1. Compute the number and total cost of the units available for sale in year 2013.
2. Compute the amounts assigned to the 2013 ending inventory and the cost of goods sold.
(a) FIFO periodic
(b) LIFO periodic
(c) Weighted average periodic
|
What is the net cost of the merchandise
: Assuming no returns were made and that payment was made within the discount period, what is the net cost of the merchandise
|
|
Does the literature review justify the need for the study
: Does the proposed study seem adequate to achieve these specific aims - Does the literature review justify the need for the study? Are there any gaps or missing
|
|
Frustration-aggression hypothesis
: In your answer, remark on one of the following: catharsis effect, the frustration-aggression hypothesis, or social learning theory
|
|
How can a teacher be intentional and also flexible
: How can a teacher be intentional and also flexible?
|
|
Compute the number and total cost of the units available
: On December 31, 2013, a physical count reveals that 40,000 units of its product remain in inventory. Compute the number and total cost of the units available
|
|
Evaluate your selected health problem in the population
: Evaluate your selected health problem in the population you identified by describing THREE to FIVE characteristics related to person, place, and time.
|
|
Defined leader in order to function well as a group
: In your opinion, is it necessary for a group to have a defined leader in order to function well as a group? Why or why not?
|
|
Environmental justice framework
: What is environmental racism? Explain at least three tenets of the environmental justice framework
|
|
What strategies would you propose to prevent a situation
: What strategies would you propose to prevent a similar situation from occurring in your unit, department, or organization?
|