Cost or market method to determine blue corporation''s

Assignment Help Accounting Basics
Reference no: EM13872966

Each unit of Blue Corporation's inventory has a ceiling of $2,850, a normal profit margin of $1,000, and a current replacement cost of $1,900. Determine the amount per unit that should be used as the market value to apply the lower of cost or market method to determine Blue Corporation's ending inventory.

Reference no: EM13872966

Questions Cloud

What could be the approximate expected distribution of light : Pollution control rules were introduced in 1902 and were properly followed in city Y, but not in city X. If all other factors remain constant, then what could be the approximate expected distribution of light and dark coloured moths in 1950?
Power rating of the electric heater : (a) The power rating of the electric heater and(b) The temperature rise that the air experiences each time it  passes through the heater.
Similarity of inventory cost flow method : Which inventory cost flow method is most similar to the flow of products involving (a) a gumball machine, (b) bricks off a stack, and (c) gasoline out of a tank?
Write down a final report on health promotion program : Write down a Final Report on health promotion program. Contents Introduction 1 Aims and Objectives 1 Background and Rationale 2 Proposed Action Plan 4 Strategies to evaluate impact.
Cost or market method to determine blue corporation''s : Each unit of Blue Corporation's inventory has a ceiling of $2,850, a normal profit margin of $1,000, and a current replacement cost of $1,900.
Determine the acceleration of the rock : A 5-kg rock is thrown upward with a force of 150 N at a location where the local gravitational acceleration is 9.79 m/s2. Determine the acceleration of the rock, in m/s2.
What is the concentration : What is the concentration (number per cubic meter) of the molecules in air at normal conditions?
Question regarding the outside atmospheric pressure : A 5-kg piston in a cylinder with diameter of 100 mm is loaded with a linear spring and the outside atmospheric pressure of 100 kPa. The spring exerts no force on the piston when it is at the bottom of the cylinder and for the state shown
Suppose creatures were to evolve on a planet orbiting : Suppose creatures were to evolve on a planet orbiting a star somewhat hotter than the Sun, let's say an F-type star. To what wavelength ranges, approximately, do you think their vision would most likely be sensitive to?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Tabular analysis of transactions

A tabular analysis of the transactions made during August 2010 by Witten Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained.

  The common costs will be incurred regardless of how many

cawley company makes three models of tasers. information on the three products is given

  Kahn company is a merchandiser that reported net income of

kahn company is a merchandiser that reported net income of 90000. additional information follows decrease in accounts

  Corporations and professional accountants

What are philosophy approaches to ethical decision making relevant to modern corporations and professional accountants?

  Switches to the sum-of-the-years-digits method

Suppose Green has been using the straight-line method and switches to the sum-of-the-years'-digits method. Ignoring income taxes, what journal entry(s) should Green record relating to the machine for 2011?

  Explain whether each of following projects is likely to

explain whether each of the following projects is likely to have risk similar to the average risk of the firm.a. the

  Assignment you are an entrepreneur

Assignment You are an Entrepreneur

  The cash balance on june 1 is 4000sales for may and june

saba enterprises needs a cash budget for the month of june. the following information is availablethe cash balance on

  On jan 2nd of year 1 moore co purchased a machine for

on jan. 2nd of year 1 moore co. purchased a machine for 264000 and depreciated it by the straight-line method using an

  What is the net present value of a 25000 payment 3 years

what is the net present value of a 25000 payment 3 years from now assuming a cost of captial of 12 precent?what is the

  Net income 15000 one short-term note 5000 all other

information is limited. profit margin on sales 5 return on assets 7.5 gross profit margin 40 inventory turnover ratio 6

  Journalize the write-offs

Isner Company wrote off the following accounts receivable as uncollectible for the first year of its operations ending December 31, 2010: Journalize the write-offs for 2010 under the direct write-off method.

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