Suppose Nile.com used the LIFO inventory costing method and the periodic inventory system. Use the Nile.com data
Question:
Suppose Nile.com used the LIFO inventory costing method and the periodic inventory system. Use the Nile.com data in Question 3 to determine Nile.com’s cost of goods sold at the end of the month.
a. $1,568
b. $133
c. $1,589
d. $154
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
To determine Nilecoms cost of goods sold COGS at the end of the month using the LIFO Last In First O...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Horngrens Financial And Managerial Accounting The Managerial Chapters
ISBN: 9781292412337
7th Global Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura
Question Posted:
Students also viewed these Business questions
-
Bromination of an alkene by N-bromosuccinimide (NBS) in thepresence of light or peroxide is a radical reaction and produces anallylic bromide. For the following bromination of3-methylcyclopentene,...
-
1..Five years ago, Sona Limited issued 12 per cent irredeemable debentures at 103, at 3 premium to their par value of 100. The current market price of these debentures is `94. If the company pays...
-
The adjusted trial balance for Windsor Company, Ltd. is presented in E4-8. WINDSOR COMPANY, LTD. Adjusted Trial Balance July 31, 2017 Instructions (a) Prepare an income statement and a retained...
-
Reconsider Prob. 1645. Using EES (or other) software, study the effect of the final temperature on the rate of heat supplied for the two cases. Let the final temperature vary from 2500 to 3500 K. For...
-
The Operations Manager of Wyndalco provided the following budgeted information for three production departments (A, B and C) and two service departments (Stores and Maintenance). The following data...
-
A dividend that is paid every quarter or every year is called? a. Regular dividend b. Special dividend c. Property dividend d. Stock dividend
-
Journalize the following transactions for Santa Fe Art Gift Shop. Explanations are not required. Feb. 3 Purchased $2,800 of merchandise inventory on account under terms 3/10, n/EOM and FOB shipping...
-
Refer to Table 1, on July 15 the entry to record cash sales from Cash Customers will include: O a. Debit to Accounts Receivable O b. Credit to Sales Revenue c. Debit to Inventory O d. Credit to Cash...
-
Summer BBQ uses a perpetual inventory system to record inventory. All purchases and sales of merchandise inventory were on account. Company records indicate the following data for the month of June...
-
Suppose Maestros had cost of goods sold during the year of $230,000. Beginning merchandise inventory was $35,000, and ending merchandise inventory was $45,000. Determine Maestros inventory turnover...
-
If you are an employer, what kinds of moral hazard problems might you worry about with your employees?
-
What is the difference between an initial value problem and a final value problem?
-
What is meant by expected value of any random variable?
-
What do you mean by D-Optimal design?
-
Discuss the termination criteria of GBD method.
-
How is the Fed organized?
-
The Phoenix Kings of the United Basketball League have a moody center by the name of Orlando Dawkins. Dawkins is under contract with the team and is scheduled to earn $650,000 in both 20X3 and 20X4....
-
Air pollution generated by a steel mill is an example of a) a positive production externality. b) a negative production externality. c) a public good. d) the free-rider problem. State and local taxes...
-
What management, organization, and technology problems is the paperless NHS likely to encounter?
-
What steps should be taken to make the paperless NHS more successful ?
-
How important was the human resources project for Sonhomish PUD? Why?
-
A -5 Cost of Capital(%) of C10 15 20 25 -5+ The correct graph is -Select- v Identify each project's IRR. Round your answers to two decimal places. Project A: Project B: % % Indicate the crossover...
-
Question 2 3 pts You have been asked to value Jim's Shoes, a retail store in Wilmington. Jim's Shoes has been in business for 15 years, its financial position is very stable, growing about 3% per...
-
Consider the data contained in the table below, which lists 30 monthly excess returns to two different actively managed stock portfolios (A and B) and three different common risk factors (1, 2, and...
Study smarter with the SolutionInn App