User Account

All Pages

How much should Rouge Co report as inventory

Assignment Help Financial Accounting
Reference no: EM133051921

Question - The unadjusted physical inventory of Rouge Co at Dec 31, 2021 was P3M with additional information as follows:

Goods were received and recorded on Jan 2, 2022 costing P180,000 with term of shipment FOB shipping point and these goods on Dec 29, 2021

Merchandise at the warehouse costing P240,000 was billed to the customer FOB shipping point on Dec 29, 2021 and were excluded from count but these were shipped on Jan 3, 2022

Required - How much should Rouge Co report as inventory in its Dec 31, 2021 statement of financial position?

Reference no: EM133051921

Questions Cloud

Examples of organisational requirements : Give at least three examples of organisational requirements for spreadsheet tasks. How can organisastions ensure that their requirements are met?
Prepare the required entries made by Blossom Corp : The property is made up of land with a fair value of $118,000 and a two-storey office building with a fair value of $172,000, Prepare the required entries
Create institutional strategic plan for globe telecom : Create institutional strategic plan for GLOBE TELECOM, INC. Include the vision, mission statement, and strategic objective.
Reasons of the importance of consultation process : 1. Outline at least 3 reasons of the importance of consultation process and give at least 3 reasons of the importance for each participant to understand the org
How much should Rouge Co report as inventory : Goods were received and recorded on Jan 2, 2022 costing P180,000 with term of shipment FOB shipping point, How much should Rouge Co report as inventory
Explain the time value of money : Briefly explain the time value of money, its methods, and how it applies to NPV.
Discuss the consumer-driven health movement : Discuss how the consumer-driven health movement has impacted health care service delivery.
What is the product CM per unit : Stratford Company distributes a lightweight lawn chair that sells for $20 per unit. What is the product CM per unit
Ethical issues in the workplace : Ethical Issues in the workplace and how to address them. Literature Review

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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