FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company purchased 100 units for 30 dollars each on January 31. It purchased 400 units for 20 dollars each on February 28th. It sold

A company purchased 100 units for 30 dollars each on January 31. It purchased 400 units for 20 dollars each on February 28th. It sold a total of 470 units for 110.00 each from March thru December 31. If the company uses the last in, first out inventory costing method, calculate the amount of ending inventory on December 31.

600

2400

900

30

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Accounting

Fundamentals Of Accounting

Authors: Claudia Gilbertson

10th Edition

1111581169, 978-1111581169

More Books

Students also viewed these Accounting questions

Question

★★★★★
a. Suppose events E and F are mutually exclusive with P(E) = 0.64 and P(F) = 0.17. i. What is the value of P(EF)? ii. What is the value of P(E F)? b. Suppose that A and B are events with P(A) = 0.3,...

Answered: 1 week ago

Question

★★★★★
The manager of the Excom Service Station wants to forecast the demand for unleaded gasoline next month so that the proper number of litres can be ordered from the distributor. The owner has...

Answered: 1 week ago

Question

★★★★★
Is this issue more complex than it seems?

Answered: 1 week ago

Question

★★★★★
U.S. companies lose $63.2 billion per year from workers with insomnia. Workers lose an average of 7.8 days of productivity per year due to lack of sleep (Wall Street Journal, January 23, 2013). The...

Answered: 1 week ago

Question

★★★★★
Show all work to get full or partial credit. 1. What lump sum do parents need to deposit in an account earning 10% compounded monthly so that it will grow to $80,000 for their son's college fund in...

Answered: 1 week ago

Question

★★★★★
Python: Exercise Write a Polygon class that is a sequence of 2D points represented by named tuples, so that each point is given a name e.g., point A' is (4, 5). Thus. Point = nameduple(Point,...

Answered: 1 week ago

Question

★★★★★
The purpose of this research assignment is to have you, complete research on a topic that may have an impact on Strategic Planning in Supply Chain. Please add a maximum of three exhibits ( graphs,...

Answered: 1 week ago

Question

★★★★★
Five faculty members will be issued laptop computers with network interface controllers (NICS). The faculty members want to use their laptops in their classrooms and offices. There are also...

Answered: 1 week ago

Question

★★★★★
Google your state's Powerball or megamillions and calculate the probability of winning the jackpot. Most sites report odds instead of probability, so you'll need to do a simple conversion. Share a...

Answered: 1 week ago

Question

★★★★★
Many countries took issue with the U . S . system of antidumping laws, in part because historically, the U . S . Commerce Department almost always ruled in favor of the U . S . company that filed the...

Answered: 1 week ago

Question

★★★★★
An angle bracket is built inon one side and has a rectangular load applied to its sloped face as shown in the diagram. A B 1 lb/in T 6 in C 18 in 8 in What counterclockwise couple moment do we need...

Answered: 1 week ago

Question

★★★★★
1. Information that is currently accessible (recognition).

Answered: 1 week ago

Question

★★★★★
8. Based on the model in Fig. 10.2 in this chapter, analyse yourself and find out which cell you would place yourself in. Let another person in the group analyse you. Did he/she choose the same cell...

Answered: 1 week ago

Question

★★★★★
9. Take four examples from your own everyday life where someone has tried to influence you. Which of the seven influencing techniques mentioned above were used? Did they use any other influencing...

Answered: 1 week ago

Previous Question Next Question