User Account

All Pages

What is the ending inventory

Assignment Help Accounting Basics
Reference no: EM132591231

Question - Bonita uses the periodic inventory system. For the current month, the beginning inventory consisted of 7200 units that cost $9.00 each.

During the month, the company made two purchases: 3100 units at $10.00 each and 12100 units at $10.50 each. Bonita also sold 13000 units during the month.

Using the LIFO method, what is the ending inventory?

a. $93,530

b. $84,600

c. $98,700

d. $86,800

Reference no: EM132591231

Questions Cloud

What is the amount of ending inventory : During the month, the company made two purchases: 720 units at $67 each and 358 units at $69 each. What is the amount of ending inventory
Criminal law : Mary a 20 year old lives in Baltimore and her family lives in NYC. What crimes, if any, can Mary and/or Ray be charged with? Explain why.
What is Truckit current E and P : This year Truckit reported taxable income of $160,000 and received $20,000 of municipal interest. What is Truckit's current E&P
Covert pathway : Covert pathway- pathway to a delinquent career that begins with minor underhanded behavior, leads to property damage, and eventually escalates
What is the ending inventory : During the month, the company made two purchases: 3100 units at $10.00 each, Using the LIFO method, what is the ending inventory
Explain whether the perception of death penalty is changing : Explain whether the perception of the death penalty is changing. Explain whether or not gun control is actually possible.
What is munchausen syndrome by proxy : What are the benefits of taking notes in an investigation? What is Munchausen Syndrome by Proxy? How does a salvage switch work in vehicle theft?
Celebrating right to free speech : One way of celebrating the right to free speech is by complaining about things that we find wrong in our world.
Determine the bad debt expense for the period : The Allowance for Uncollectible Accounts do we adjust for the beginning Allowance balance in order to determine the Bad Debt Expense for the period

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