The physical inventory indicates 900 units of item ab345 on

Assignment Help Accounting Basics
Reference no: EM13599845

The following information pertains to item #AB345 of inventory of ABC Educational System, Inc.:

  • Cost $45 per unit
  • Replacement cost $46 per unit
  • Selling price $52 per unit

 

The physical inventory indicates 900 units of item #AB345 on hand. What amount will be reported on the Educational System, Inc.'s balance sheet for the inventory item?

Reference no: EM13599845

Questions Cloud

Macgiver brass is a brass plating firm with sales of 8 : macgiver brass is a brass plating firm with sales of 8 million and profits before taxes of 625000. macgiver has a loan
Instead of being unnumbered and manually prepared all : luby office supply company reccently changed its system of internal control over cash disbursements. the system
The atgar corporation records all purchases and the : the atgar corporation records all purchases and the corresponding liabilities net of cash discounts. whenever it pays
Madison corp had two issues of securities outstanding : madison corp had two issues of securities outstanding common stock and a 5 percent convertible bond issue in the face
The physical inventory indicates 900 units of item ab345 on : the following information pertains to item ab345 of inventory of abc educational system inc. cost 45 per unit
Tony siebers is an accounting major at a midwestern state : tony siebers is an accounting major at a midwestern state university located approximately 60 miles from a major city.
At a recent company meeting an employee remarks we were : at a recent company meeting an employee remarks we were working so hard to get the income for our bonus this year. then
Use the following information to answer the five questions : use the following information to answer the five questions in the quiz the estimated total factory overhead cost and
Corp is considering purchasing one of two new diagnostic : corp. is considering purchasing one of two new diagnostic machines. either machine would make it possible for the

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare an analysis of all manufacturing overhead variances

the singapore division of a canadian company uses a standard cost system for its machine based production.variable

  Sweeties inc manufactures a sugar product by a continuous

sweeties inc. manufactures a sugar product by a continuous process involving three production departments-refining

  Catlet co uses a periodic inventory system its records show

catlet co. uses a periodic inventory system. its records show the following for the month of may in which 65 units were

  Masoon corporation has current assets of 1500000 and

masoon corporation has current assets of 1500000 and current liabilities of 750000. if they pay 250000 of their

  How can a company that reports record breaking sales not

how can a company that reports record breaking sales not have enough cash in their checking account to pay their

  Analysis of the change in owners equity

From an analysis of the change in owner's equity during the year, compute the net income (or loss) for 2011, assuming Andruw's drawings were $15,000 for the year.

  How the u.s. can manufacture direct materials

Evaluate and analyze how the U.S. can manufacture direct materials for technology products in the global marketplace at competitive costs.

  Universal laser onc just paid a dividend of 275 on its

universal laser onc. just paid a dividend of 2.75 on its stock. the growth rate in dividends is expected to be a

  Qunitana pena expects to receive a 500000 cash benefit when

qunitana pena expects to receive a 500000 cash benefit when she retires five years from today. ms. penas employer has

  Jason earned 10,200 while working for brown company

Jason earned 10,200 while working for Brown Company.

  The lessor used an implicit interest rate of 10 percent in

on january 1 2010 james company leased a machine for 10 years that could have been purchased for 100000. the lessor

  Prepare the journal entry to record their issuance

Prepare the journal entry to record their issuance.

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!

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