User Account

All Pages

Define stores ledge card for item x005

Assignment Help Cost Accounting
Reference no: EM131730136

The following information relates to item X005 stocked by Gitoro Lt for the month of April 2012

DATE RECEIPTS ISSUES UNITS Units Units Shs. 3 2400 18 4 3200 6 2600 20 12 2700 14 3000 22 18 2800 21 20 2200 22 2600 23 25 3800 26 3100 24 27 2500 25 28 3200 26 29 6900

The closing balance for March 2012 was a batch of 3,000 units received at a price of sh.

Required: (a) Stores ledge card for item X005 for April 2012 under LIFO method. (b) Closing stock valuation.

Reference no: EM131730136

Questions Cloud

Company within the european union or outside : If you were the head of a firm based in the United States, please answer the following questions, providing the rationale behind your answers:
Disadvantages of using multiple measures of performance : Write a memo that discusses the advantages and disadvantages of using multiple measures of performance
How you might revise the delivery of the lesson in relation : Observe and assist with teaching a minimum of four lessons, two science and two health/PE/nutrition ed by certified 1-8 grade teachers.
Conduct a hypothesis test using level of significance : In Exercise, we described a survey done to determine whether artists are more likely to be left-handed than others in the general population.
Define stores ledge card for item x005 : Stores ledge card for item X005 for April 2012 under LIFO method
Differences between taxable and financial income : What are the differences between taxable and financial income? Why is the tax expense reported on the income statement comprised of current and deferred tax
What is the direct materials price variance : If 4,500 units required 50,500 gallons, which were purchased at $7.35 per gallon, what is the direct materials (a) price variance, (b) quantity variance
Write the conclusion in statistical language : On the basis of the p-value, make a conclusion for this situation. Use level of significance a = .05. Write the conclusion in both statistical language.
Eliminates the inventory-holding function of warehouse : Crossdocking eliminates the inventory-holding function of a warehouse. The objective of supply chain system is to maximize non-value created.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Find cost assigned to ending inventory and to cost of goods

Laker Company reported the following January purchases and sales data for its only product. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO.

  What is the highest acceptable manufacturing cost

What is the highest acceptable manufacturing cost for which Dino's would be willing to produce the sweatshirt?

  Prepare a schedule to compare investment cost

Prepare a schedule to compare investment cost with the book value of equity acquired - Prepare elimination entries for the preparation of a consolidated statements workpaper on December 31, 2012.

  Calculate the sales price per unit

In April, Steinhardt, Inc., sold 50 air conditioners for $200 each. Costs included material of $50 per unit, direct labor of $30 per unit, and factory overhead at 100 percent of direct labor cost.

  Write a personal reflection journal

Write a personal reflection journal on the recorded Employability / Career Development Toowoomba campus presentation provided on the ACC1101 course homepage.

  Explain how a bull spread can be created from the two option

Explain how a bull spread can be created from the two options and using a payoff table show the profit pattern for the various stock price range

  Determine the amount of the ending inventory

Eloise Camera Shop uses the lower-of-cost-or-market basis for its inventory and Farman Appliance Mart began operations on May 1. It uses a perpetual inventory system.

  1 what is sales order processing system2 what is data flow

1. what is sales order processing system?2. what is data flow diagram? define.3. how might data flow diagram going to

  On june 10 easy repair service extended an offer of 95000

on june 10 easy repair service extended an offer of 95000 for land that ha been priced for sale at 118 500. on august 2

  Demonstrate familiarity with the concept of relevant costs

Demonstrate familiarity with the concept of relevant costs. Write 2-4 pages, showing computations and discussing the results. List supporting references and cite sources.

  What is the balance in the retained earnings account

a company reported the following stockholders equity on january 1 of the curent year: common stock $10 par, 1,000,000 shares authorized, 400,000 shares issued $4,000,000. Contributed capital in excess of par, common 1,200,000. Retained earnings 1,6..

  Importance of each ratio and how it relates to panera bread

Profitability Ratios-profit margin, asset turnover, return on assets, debt-to-equity ratio, return on equity and long-term Solvency Ratios-debt-to-equity ratio, debt to total assets, times interest earned, cash debt coverage

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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