User Account

All Pages

Find the Ending Inventory on the Balance Sheet

Assignment Help Accounting Basics
Reference no: EM132739150

Question - Carpenter Corporation is a United Stated merchandising business. The corporation extensively uses scan technology in a perpetual inventory system, and values inventory using the LIFO cost flow assumption. Using the following information, find the Ending Inventory on the Balance Sheet at September 30?

Sep. 1 Inventory 25 units at $21

Sep. 4 Sold 15 units

Sep. 10 Purchased 31 units at $27

Sep. 17 Sold 21 units

Sep. 30 Purchased 10 units at $30

Reference no: EM132739150

Questions Cloud

What revenue and expense does pittston report : The first payment is made immediately. What revenue and expense does Pittston report in the first year on government wide statements
Strong values and ethics-character development : What are some ways you might integrate strong values and ethics into your content-area lessons to help support students' character development
What is the net present value of expanding the production : Assuming a discount rate of 7%, what is the net present value of expanding the production of Product A and eliminating Product B
Pedagogical approach to heutagogical approach to learning : Describe the process of transition from a pedagogical approach to a heutagogical approach to learning.
Find the Ending Inventory on the Balance Sheet : The corporation extensively uses scan technology in a perpetual inventory system, find the Ending Inventory on the Balance Sheet at September 30
Evaluation helps or hinders creativity : The purpose of this activity is to identify whether evaluation helps or hinders creativity.
How much is allocated to the preference shares : An equipment with acquisition cost of P900, 000, book value of P450, 000 and fair value of P500, 000. How much is allocated to the preference shares
Reached through vehicle of plan : Our goals can only be reached through a vehicle of a plan, in which we must fervently believe, and upon which we must vigorously act.
Explain the functions such as payroll were outsourced : You have just been brought in as the HR Manager for a rapidly growing start-up company. Founded in 2014, employment has grown from 26 employees in 2014 to 214.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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