Solution-Determine the cost of goods sold on october

Determine the cost of goods sold on october

Assignment Help Accounting Basics

Reference no: EM133045486

Question - Perpetual Inventory Using FIFO - Beginning inventory, purchases, and sales for Item Zeta9 are as follows:

Oct. 1 Inventory 65 units @ $15

Oct. 7 Sale 52 units

Oct. 15 Purchase 60 units @ $16

Oct. 24 Sale 17 units

Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of goods sold on October 24 and (b) the inventory on October 31.

Reference no: EM133045486

Questions Cloud

Internal and external environment of the school : What organizational strategy (defender, prospector, analyzer, reactor) was Dean Sales pursuing? Discuss in some detail the strategy Dean Sales is pursuing.

How much revenue should abc record : After accounting for any necessary adjustments, how much revenue should ABC record for the merchandise sold to DEF

Guidelines for writing papers : Discuss how a Human Resource department should link the organization's plans and goals with techniques of encouraging employees to achieve peak performance.

Explain the two personality test items : 1. Provide a detailed example of a manager work sample test. Also briefly explain the two personality test items you would suggest they use, and why you would s

Determine the cost of goods sold on october : Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of goods sold on October 24

Case study-global insurance services co : Global Insurance Services Co. Ltd. (GIS) has been one of the leading insurance companies in the industry for over 15 years. GIS product offerings include life,

How can you apply organizational behavior : Explain the difference between hard and soft skills and why both are important. List what you think are your two strongest soft skills. Also briefly, and specif

How moms are battling to break the glass ceiling : How Moms Are Battling To Break The Glass Ceiling When Returning To Work

What will profits be : You estimate that your cattle farm will generate $0.30 million of profits on sales of $6 million. What will profits be if sales turn out to be $4.5 million

User Account

All Pages

Determine the cost of goods sold on october

Reference no: EM133045486

Reference no: EM133045486

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT