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1.Rtz company has the following inventory in April :April 1 100 units Total cost $290.April 10 200 units Total cost $385. April 15 200 units
1.Rtz company has the following inventory in April :April 1 100 units Total cost $290.April 10 200 units Total cost $385. April 15 200 units Total cost $420. April 28 $150 units Total cost $520. As of April end the company had $200 units on hand. Under lifo what is the ending inventory. 2.Rtz company has the following inventory in April :April 1 100 units Total cost $290.April 10 200 units Total cost $385. April 15 200 units Total cost $420. April 28 $150 units Total cost $520. As of April end the company had $200 units on hand. Under Fifo. What is the cost of Goods Sold. 3.Rtz company has the following inventory in April :April 1 100 units Total cost $290.April 10 200 units Total cost $385. April 15 200 units Total cost $420. April 28 $150 units Total cost $520. As of April end the company had $200 units on hand. Under Fifo. What is the ending inventory? 4.ABC Company bought a new delivery truck on jan 1,2018. The truck cost $40,000 with an life of 6 years and $ 10,000 salvge value at the end of useful life. The double- declining method of deprecation will be used. What is the depreciation expense for 2018? 5.George purchased Equipment for $60,000 delivery cost was 2,800 and installation cost was 8000. Insurance for 3 year 1,000.. The salvage value of the equipment is 12000 with 5 year useful life. Under stateline Method depreciation each year is. 6.Ritz company has the following inventory in April: April 1100 units TOTAL coST $ 290 April 10 200 units TOTAL COST 385 April 15 200 units TOTAL COST 420 April 28 150 units TOTAL COST 520 As of April end the company had 200 units on hand. UND ER LIFO what is theCOST OF GOODS sOLD 7.jONATHAN purchased land for $85.000 cash. Real estate brokers commission was $4,000 and $7.000 was spent for demolishing an old building where $1,000 they received from scap items Under the cost principle. the cost of land would be recorded at
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