User Account

All Pages

Find what is the amount allocated to ending inventory

Assignment Help Accounting Basics
Reference no: EM132689746

Marigold Industries has the following inventory information.

July 1. Beginning Inventory 30 units at $120

5. Purchases. 240 units at $113

14 Sale. 150 units

21 Purchases. 90 units at $110

30 Sale. 130 units

Problem 1: Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a FIFO basis?

A) $36000

B) $8800

C) $9250

D) $31200

Reference no: EM132689746

Questions Cloud

Explain multidirectional flow : Explain multidirectional flow and why is it important?
Explain multidirectional flow : Explain multidirectional flow and why is it important?
Does mexico political party system reduce or contribute : Does Mexico's political party system reduce or contribute to the high levels of corruption within the government?
Main themes of the negotiation process : Identify the countries likely to participate in the negotiations for the FTAA. What would the main themes of the negotiation process?
Find what is the amount allocated to ending inventory : 5. Purchases. 240 units at $113, Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a FIFO basis?
What are the exit strategies for ceos : Explain the reasons why chief executive officers may be dismissed or terminated.
Types of interest groups tend to be more powerful : What are the two major types of interest groups and examples of each? Which of these types of interest groups tend to be more powerful?
Describe instance where you had encountered conflict : Describe an instance where you had encountered conflict (either you were a part of the conflict or an observer) in a work, school,
Explain enterprise resource planning system : Explain the risks that the Enterprise Resource Planning system is likely to mitigate in your organization.

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