User Account

All Pages

What is the value of the inventory at august

Assignment Help Accounting Basics
Reference no: EM132099853

Question - A company has inventory of 15 units at a cost of $12 each on August 1. On August 5, it purchased 10 units at $13 per unit. On August 12 it purchased 20 units at $14 per unit. On August 15, it sold 30 units. Using the FIFO periodic inventory method, what is the value of the inventory at August 15 after the sale?

A. $140.

B. $160.

C. $210.

D. $380.

E. $590.

Reference no: EM132099853

Questions Cloud

Describe the process unions use to organize employees : Describe the job rights associated with seniority. Describe the process unions use to organize employees.
What is the maximum range in meters : A good quarterback can throw a football at 27m/s (about 60mph ). If we assume that the ball is caught at the same height from which it is thrown.
Evaluate your expression for light incident on diamond : A light ray in air is incident on a transparent material whose index of refraction is n . Part A Find an expression for the (non-zero) angle of incidence.
What is the electric potential at point b : Point charges q1=+2.00?C and q2=?2.00?C are placed at adjacent corners of a square for which the length of each side is 3.50cm . Point a is at the center.
What is the value of the inventory at august : On August 15, it sold 30 units. Using the FIFO periodic inventory method, what is the value of the inventory at August 15 after the sale
What is the speedat the instant the beads collide : Two 2.2-mm-diameter beads, C and D, are11 mm apart, measured between their centers.Bead C has mass 1.0 g and charge 2.4 nC. Bead D has mass 2.5 g and charge.
Calculate the cost of the ending inventory : On December 31, there were 28 units in ending inventory. Using specific identification, calculate the cost of the ending inventory
What part of the world is your focus : Please find a current media report from a reputable source that represents a scenario of distributive justice in climate change.
What is happening in function of compensation and rewards : These trends barely scratch the surface of what’s happening in the function of compensation and rewards.

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