Reference no: EM132490494
On January 1, Messi Inc. had a beginning inventory of 1750 units of soccer balls at a cost of $5.5 per unit.
During the year, inventory purchases were as follows:
PURCHASE DATE UNITS UNIT COST
February 20 4210 - 6 units
May 5 3300 - 6.5units
August 15 4100 - 6 units
December 8 30505- 5.5 units
Messi uses a periodic inventory system.
At the end of the year on December 31, a physical inventory count determined that there were 3600 units on hand.
REQUIRED:
Fill in the following blanks.
Round to the nearest dollar.
NOTE: You must enter all numbers in the format of ####. Do not enter dollar signs or commas. Here are examples of the correct format:
1000
11000
111000
Question a. Cost of goods available for sale
Question b. Value of ending inventory using FIFO
Question c. Value of ending inventory using average cost
Question d. Value of cost of goods sold using FIFO
Question e. Value of cost of goods sold using average cost
|
What is the tension in the first rope
: What is the tension in the first rope? (In N) What is the tension in the second rope? (In N)
|
|
Would the warranty liability be claimed and recorded or not
: Confused on whether the warranty liability will be claimed or not since its assurance type. Will it affect the current liabilities and why
|
|
Calculate the force exerted if a 84 kg person
: Calculate the force exerted if a 84 kg person jumps from a 0.9 m high ledge and lands stiffly, compressing joint material 3.2 cm as a result.
|
|
What ethical considerations are evident in given situations
: What legal and ethical considerations are evident in these situations? Should Ned and Marie allow patients to call them "doctor" or "nurse," respectively?
|
|
Determine value of cost of goods sold using average cost
: Determine Value of cost of goods sold using average cost, Value of ending inventory using average cost, Value of ending inventory using FIFO
|
|
Designing a microscope for tirf
: You are designing a microscope for TIRF imaging in the near-infrared window (750-1500 nm). For your high magnification objective
|
|
Differentiate between and explain morals and ethics
: Differentiate between and explain morals and ethics. Why is this important for healthcare workers? (One paragraph with at least 3-5 complete sentences)
|
|
Find and calculate the net income
: Calculate the net income for 2018? Round "per Unit cost to 3 decimal places. Three different companies each purchased trucks on January 1, 2018, for $62,000.
|
|
Compute the return on investment is
: What The return on investment is? Net sales, P1.8M; Cost of goods sold, P1.08M; Operating expenses, P315,000; Earnings before interest and tax, P405,000
|