Fnd out cost of goods available for sale ending inventory

Assignment Help Mathematics
Reference no: EM13472728

A company uses the FIFO inventory costing method and has a perpetual inventory system. All purchases and sales were cash transactions. The records reflected the following for January.

 Units Unit Cost Beginning Inventory 100 \$1.50 Purchase, January 4 200 \$1.10 Sale, January 18 at \$2.20 per unit 110 Purchase, January 22 100 \$1.60 Sale, January 28 at \$2.40 per unit 170

Determine the cost of goods available for sale, the ending inventory, and the cost of goods sold. Then create the journal entries for January 4 and 18.

Questions Cloud

 Write down a 700- to 1050-word paper using this and other : research additional articles and information about the chilean mine collapse.write a 700- to 1050-word paper using this A cargo container was measured with a degree of accuracy to : a cargo container was measured with a degree of accuracy to the nearest 1ft 8ft times 8ft times 20ft. what is the Suppose that companys accounting policy requires including : a company just completed a physical inventory count at year-end december 31. items were counted and costed on a fifo What different persuasive approaches would you use with the : write a 350-word response answering the following questionq1. what different persuasive approaches would you use with Fnd out cost of goods available for sale ending inventory : a company uses the fifo inventory costing method and has a perpetual inventory system. all purchases and sales were Write a 350- to 500-word cultural evaluation in which you : as a manager for a large multinational corporation you travel around the world giving presentations and conducting A company uses the periodic inventory system calculate : a company uses a periodic inventory system. at the end of the annual accounting period december 31 the accounting John went to store he bouht lamp for 5656 that was on sale : john went to the store. he bouht a lamp for 56.56 that was on sale 20 percent then you can talk an additional 50 Write down a 1750- to 2100-word debate paper in which you : write a 1750- to 2100-word debate paper in which you create a debate of a current event or other controversial topic

Write a Review

Find the measures of angles x and y

the legs of a picnic table form two isoceles triangles wher m ACB = 110degree. Find the measures of angles x and y so that the top of the table will be parallel to the ground. would the answer be x = 110 degree, y = 70 degree?

Estimate the stopping distance

A very small spherical particle (on the order of 5 microns in diameter) is projected into still air with an initial velocity of ν0 m/sec, but its velocity decreases because of drag forces.

Sample means and combinations

At the downtown office of First National Bank there are five tellers. Last week the tellers made the following number of errors each: 2, 3, 5, 3, and 5.

1 convert from base 10 to base 225513208851212nbsp2 give

1 convert from base 10 to base 2.25513208851212nbsp2 give the first 16 binary numbers staritng at 0nbsp3how many values

Group homomorphism and abelian groups

Group Homomorphism and Abelian Groups, Let phi: G ---> H be a group homomorphism. Show that phi[G] is abelian if and only if for all x, y in G, we have xyx^(-1)y^(-1) in ker(phi).

Find the average age

the standard deviation of age of passenger train cars is 2 yrs. if the distribution of ages is normal and 10% of the cars are older than 10 years, find the average age.

Find the dimension of each room

An architect has allocated a rectangular space of 264 ft second power for a square dining room and a 10-ft wide kitchen. Find the dimension of each room.

Who rode the longest distance and by how much

Luis rides his bike around Trail A once and Tara rides her bike around Trail B twice. Who rode the longest distance and by how much? Show all work for credit.

Determine the heading of the boat that will be required

a person who can row 2.6 mph in still water wants to row due east across a river. the river is flowing from the north at a rate of .8 mph. determine the heading of the boat that will be required for it to travel due east.

Find the x-coordinates of the points

There are two lines through the point (2,-3) that are tangent to y=x²+x. Find the x-coordinates of the points where these lines touch the parabola.

Express the hydrostatic force against one side of the plate

A triangle with base 3 m and height 5 m is submerged vertically in water so that the tip is even with the surface. Express the hydrostatic force against one side of the plate as an integral and evaluate it.

Find the equation for the line that passes through

find the equation for the line that passes through the point (-2,-5) that is parallel to the line with the equation y=3/4x+8.