Determine the cost of goods sold and ending inventory

Assignment Help Accounting Basics

Reference no: EM133922911

Problem

The following events pertain to Hawkins Company that occurred during the month of August: 8/1 Beginning Inventory 20 units @ $6 each 8/2 Purchased 70 units @ $6.20 each 8/7 Purchased 20 units @ $6.50 each 8/14 Sold 80 units @ $11 each 8/19 Purchased 30 units @ $6.70 each 8/28 Sold 20 units @ $11 each Hawkins Company uses a periodic FIFO system. Get the instant assignment help. Determine the cost of goods sold and ending inventory for the month of August.

Reference no: EM133922911

Questions Cloud

What are your key skills and relevant experiences : What are your key skills and relevant experiences? Interests and Goals: What are your professional interests and career goals?

How did the 9/11 attack represent a change in united states : How did the 9/11 attack represent a change in the United States and its approach to international relations?

Create a table comparing the roles of the lms and the lss : Evaluate the relationships between the LMS, the LSS, and continuous quality improvement. How do these models impact, encourage, or influence the ability

What did the art promise or threaten : What was that piece of propaganda art intended to tell those who saw it? What did the art promise or threaten (think about the meaning)?

Determine the cost of goods sold and ending inventory : The following events pertain to Hawkins Company that occurred during the month. Determine the cost of goods sold and ending inventory for the month of August.

Describe your selected professional growth areas of focus : Describe your selected professional growth areas of focus, as well as information from your self-reflections that support your selections

Do you think country best days are ahead of us or behind us : When you review the long sweep of U.S. history, do you think the country's best days are ahead of us or behind us? Why?

What is the amount of ending inventory for the month of july : Tank Corporation had the following transaction during the month of July: 7/1 Beginning Inventory. What is the amount of ending inventory for the month of July?

Should be political implications of this history for present : What should be the political implications of this history for the present?

User Account

All Pages