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The beginning inventory balances of Item X on August 1 and the purchases of the item during the month of August were as follows:
August1 Beginning Inventory 600 units @ $10.00 = $6,000
9 Purchase 700 units @ $10.50 = $7,350
11 Purchase 500 units @ $11.00 = $5,500
23 Purchase 200 units @ $11.25 = $2,250
31 Total - 2,000 $21,100
At August 31, the ending inventory was 900 units. Determine the cost of the ending inventory based on each of the following methods of inventory valuation. show computation
a.Last-in, first-out - $
b.First-in, first-out - $c.Average cost - $
according to a factory cost ledger, job no 51 has incurred the following costs: direct material - 30
William Potter is a plumber currently operating as a Sole Trader in Levin. William has approached you, a tax accountant, for your advice on certain tax matters. William's brothe
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Example of LIFO, FIFO and Weighted Average Method Suppose the following purchases were made in ABC Ltd as like: Date of purchase Units purchased Price/uni
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H Bhd has a 75% holding in the ordinary shares of S Sdn Bhd and 40% in A Sdn Bhd. Shares in S were acquired in 2006 when its retained earnings were RM120 million. The shares in A
Single Limiting Factor Where a single limiting factor exists for the decision making sequence may be implemented given as:- - Compute the contribution per unit of limiting
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