User Account

All Pages

The dollar value lifo inventory method

Assignment Help Accounting Basics
Reference no: EM13882863

1.At the beginning of 2013, a company adopts the dollar value LIFO inventory method for its one inventory pool. The pool's value on that date was $1,400,000. The 2013 ending inventory valued at year end costs was $1,664,000 and the year end cost index was 1.04. Calculate the inventory value at the end of 2013 using the dollar value LIFO method.

Reference no: EM13882863

Questions Cloud

Moving forward with a strategic acquisition that carries : What advice would you give to a CEO who is intent on moving forward with a strategic acquisition that carries with it a high level of risk?
Calculate ending inventory and cost of goods sold : Samuelson and Messenger (S&M) began 2013 with 200 units of its one product.
Importance of identifying the primary source of repayment : Explain the importance of identifying the primary source of repayment. Clearly, the primary source of repayment is always cash. The analysis question is really one of identifying the source of the cash used to repay the loan. Explain the advantages a..
The roadway of the golden gate bridge : The roadway of the golden gate bridge is 1320 m long and it is supported by a steel structure. If the temperature varies from -30C to 39C. how much does the length change? the result indicate the size of the thermal expansion joints that must be buil..
The dollar value lifo inventory method : 1.At the beginning of 2013, a company adopts the dollar value LIFO inventory method for its one inventory pool.
Processes by which viruses evade host defense mechanisms : Describe the importance of a host for the survival of the virus.List the various mechanisms by which our immune system prevents viral infection.Explain the processes by which viruses evade host defense mechanisms.
The kwok company''s inventory balance : The Kwok Company's inventory balance on December 31, 2013, was $165,000 (based on a 12/31/13 physical count) before considering the following transactions:
The target nucleus/channel : As an NMR spectroscopist, do you prefer larger or smaller values for the duration of the 90° pulse for the target nucleus/channel (e.g. for 1H)? Justify.
What temperature would the wing be2cm : 1. An aluminum wing on a passenger jet is 28m long when its temperature is23°C.At what temperature would the wing be2cm (0.02m)shorter? 2. A bottle containing 6 kg of water at a temperature of 16°C is placed in a refrigerator where the temperature is..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Tax cost of preferred stock

What is the after tax cost of preferred stock that sells for $10 per share and offers a $1.20 dividend when the tax rate is 35%?

  Job cost according to the accounting system

What price would have been charged to the customer if the job required $3,200 in materials and $4,200 in direct labor cost, and the company priced its jobs at 40% above the job's cost according to the accounting system?

  Comment on any significant problem or areas of cost savings

heritage furniture co. uses a standard cost system. one of thecompanys most popular products is an oak

  Aspects of culture that impact leadership behaviors

Determine the key aspects of culture that impact leadership behaviors, attributes, and other cross-cultural organizational practices that are generally accepted and effective. Provide a rationale for your response.

  Compute the cost allocation rate

Compute the cost allocation rate for each activity. Use the activity-based cost allocation rates to compute the activity costs of the commercial containers and the travel packs. (Hint: First compute the total activity costs allocated to each produ..

  Oakley company does not ring up sales taxes separately on

oakley company does not ring up sales taxes separately on the cash register. total receipts for february amounted to

  Prepare a balance sheet in good form as of december 31 2015

the following is the adjusted trial balance of the xho company as of december 31 2015 xho companyadjusted trial

  Determine the amount of the pbo

During 2009, pension benefits paid were $40,000. The discount rate for the plan for this year was 10%. Service cost for 2009 was $80,000. Plan assets (fair value) increased during the year by $45,000. Required: Determine the amount of the PBO at D..

  Terry receives 3000 annually from an annuity contract which

terry receives 3000 annually from an annuity contract which she purchased in 2002 for 15000. her total expected return

  Dell computers is a leader in the industry with over 56

dell computers is a leader in the industry with over 56 billion in sales each year. assume that estimated warranty

  Is earnings management always criminal

Is earnings management always criminal? Is earnings management always unethical?

  Business partnership and consequences

Describe this Basic Type of Business Formation: Partnership Explain the Following Consequences of the type of Business Organization:

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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