What is the value of ending inventory if the fifo periodic

Assignment Help Accounting Basics

Reference no: EM132703515

Problem 1: Given the following? data, what is the value of ending inventory if the FIFO periodic method is? used?

Sales revenue 200 units at? $20 per unit

Beginning inventory 60 units at? $12 per unit

Purchases 210 units at? $13 per unit

A. $1,400

B. $1,600 C.

?$840

D. ?$910

Reference no: EM132703515

Questions Cloud

How do Determine what is gross margin : Determine what is gross margin? Beginning inventory 150,000. Sales revenue $950,000. Ending inventory 230,000. Purchases 720,000

Identify one advantage and one disadvantage of the model : Imagine you are a senior manager at a post-secondary institution who has been assigned the task of increasing the rate of student retention and graduation

What would the cost of ending inventory using the periodic : What would the cost of ending inventory using the periodic FIFO method? be? On December? 31, a physical count reveals 80 units in ending inventory.

What are the ethical concerns in given business situation : You work in the accounting department at your U.S. based company. The Vice President enters your office and asks you for a check for $250.00 for expenses.

What is the value of ending inventory if the fifo periodic : What is the value of ending inventory if the FIFO periodic method is? used? Sales revenue, Beginning inventory:60 units at? $12 per unit

What is the amount of the accounts receivable : What is the amount of the accounts receivable balance at the end of Quarter 2? Assume a year has 360 days.

Find the accumulated value of our investments : Find the accumulated value of our investments at the end of seven years and the yield rate for the entire seven-year period and the equivalent annual yield rate

Which the cost of goods sold reported on income statement : When prices are? falling, Which the cost of goods sold reported on the income statement on a? weighted-average basis is generally?

Determining the objective of a mutual fund : Which one of the following is the recommended method of determining the objective of a mutual fund?

User Account

All Pages