Find the company as cost of goods sold for april

Assignment Help Financial Accounting
Reference no: EM131795980

Consider the following facts:

- Company A begin business operations in the month of April.

- On April 1, it purchased 150 units of goods for $390.

- On April 10, it purchased 200 units of goods for $585.

- On April 15, it purchased 200 units of goods for $630.

- On April 28, it purchased 150 units of goods for $510.

- At the end of the month, it discovered that it had 200 units on hand after completing its physical inventory count.

- Company A uses the FIFO inventory accounting method.

Company A's cost of goods sold for April is:

Reference no: EM131795980

Questions Cloud

Discuss information on units produced and electricity costs : The Bear Company collected the following monthly information on units produced and electricity costs
Term problem is often given negative connotation : The term "problem" is often given a negative connotation.
Explain overall company strategy : To begin to formulate preliminary ideas for executive development at Kareco I would begin by asking the Board of Directors to explain overall company strategy.
Prepare a form 1120 for kingfisher for tax year : During 2015, Kingfisher made estimated tax payments of $43,750 each quarter to the IRS. Prepare a Form 1120 for Kingfisher for tax year 2015.
Find the company as cost of goods sold for april : Company A uses the FIFO inventory accounting method - Company A begin business operations in the month of April
Discuss what was the book value of the bond : What was the book value of the bond at the end of the second year
How you can use them as a part of your professional career : In this unit, we discussed 360-degree feedback. During this assignment, you will take this concept a step further and research best practices.
Differentiate the terms APR and EAR : The check-cashing store also makes one-month add-on interest loans at 6.7 percent discount interest per week. Thus if you borrow $200 for one month (four weeks)
The opportunity cost and sunk cost to be effective in making : Do you believe a firm must have a firm grasp of the concepts of differential cost, opportunity cost and sunk cost to be effective in making business decisions

Reviews

Write a Review

Financial Accounting Questions & Answers

  Beatrice qualifies for the earned income credit

For 2015, Beatrice qualifies for the earned income credit. She has a daughter who is 7 years old. Her earned income and adjusted gross income for 2015 are $6200. Calculate the amount of her 2015 earned income credit.

  Computation of production cost

Computation of production cost with given data and sea Company reports the following information regarding its production cost.

  Predetermined overhead rate on variable manufacturing

Oldham Corporation bases its predetermined overhead rate on variable manufacturing overhead cost of $4.00 per machine-hour and fixed manufacturing overhead cost of $87,822 per period. If the denominator level of activity is 4,100 machine-hours, the f..

  What will be the effects on output in the short run

Suppose that the central bank increases the money stock. What will be the effects on output in the short run and in the medium run?

  Indorsement of a negotiable instrument

Indorsement of a negotiable instrument:

  Compute the break-even point in dollars for each company

Presented below are variable costing income statements for Logan Company and Morgan Company. Compute the break-even point in dollars for each company and comment on your findings.

  Analyse the financial reports of a publically listed company

BUSM4126/4129 Accounting for Business Decisions. You are required to analyse the financial reports of a publically listed company utilising the skills and analysis techniques covered in this course

  Explain the conceptual guidelines for reporting income

Understand the concepts of income, explain the conceptual guidelines for reporting income, and define the elements of an income statement.

  Journalize transactions using a perpetual inventory system

Journalize transactions using a perpetual inventory system - Prepare an adjusted trial balance and prepare an income statement and a retained earnings statement for December and a classified balance sheet at December31

  What is the npv of the purchase

A new electronic process monitor costs $990,000. This cost could be depreciated at 30 percent per year (Class 10). The monitor would actually be worthless in five years. The new monitor would save $460,000 per year before taxes and operating costs. I..

  Corporation prepared its statement of cash flows

A corporation prepared its statement of cash flows for the year. The following information is taken from that statement: Net cash provided by operating activities $17,700 Net cash provided by investing activities $5,800 Net cash flow used in financin..

  What pretax amounts related to lease

On June 30, 2016, Georgia-Atlantic, Inc., leased a warehouse facility from IC Leasing Corporation. The lease agreement calls for Georgia-Atlantic to make semiannual lease payments of $559,700 over a four-year lease term, payable each June 30 and Dece..

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