Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Computing ending inventory and cost of goods sold under FIFO and LIFO cost-flow assumptions.
Cost flow assumptions - FIFO and LIFO using a periodic system. Mower Blowers coy started business on Jan 20, 2009. Products sold were snow blowers and lawn mowers. Each product sold for $350. Purchases during 2009 were as follows:
Blowers
Mowers
Jan 21
20@200
Feb 3
40@195
Feb 28
30 @190
Mar 13
20@190
Apr 6
20@120
May 22
40@215
Jun 3
40@220
Jun 20
60@230
Aug 15
20@215
Sep 20
20@210
Nov 7
In inventory at Dec 31, 2009, 10 blowers and 25 mowers. Assume the coy uses a period inventory system. What will be the difference between ending inventory valuation at December 31, 2009, and the cost of goods sold for 2009, under FIFO and LIFO cost-flow assumptions? Hint: Compute ending inventory and cost of goods sold under each method, and then compare results.
Financial Statement Analysis and Preparation
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
Purpose the journal entry to record the acquisition for Mercantile Corporation instantly before the business combination
Purpose a Statement of Revenues, Changes and Expenditures in Fund Balance for the debt service fund
During its first month of operation, the Rawls Repair Corporation, which specializes in bicycle repairs - Prepare an Adjusted Trial Balance in the space below.
Find Maximization of total revenue to maximize profit
Evaluate the CVP income statement
Purpose the bank reconciliation at 30 th September, 2012. Purpose the adjusting entries at September 30, consider the NSF check was from a customer on account, and no interest had been accrued on the note.
Evaluate the gain of loss on sale of the 20% interest and prepare the journal entry to record the sale. the balance in purple's investment in Silver account as December 31, 2010.
how much did the firm's market value and book value per share differ - Calculation of difference between firm's market value and book value per share.
Evaluate the existing ratio and quick ratio for both years. What conclusions will you draw from these data?
Determine the pension liability/asset to be recorded and determine the 2012 amortization of the net gain.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd