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

Question

1 Approved Answer

ans plz Periodic inventory by three metheds; cost of goods sold The units of an item available for sale during the year were as follows:

ans plz image text in transcribed
Periodic inventory by three metheds; cost of goods sold The units of an item available for sale during the year were as follows: There are 40 units of the item in the phylical inventary at December 31. The penodic inventary svstem is used. Determine the ending inventery cest and the cost of geods sold by three metheds. Alound interim calculotions to ene decimal and final answers to the nesres whole dollar

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_2

Step: 3

blur-text-image_3

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

Principles Of Cost Accounting

Principles Of Cost Accounting

Authors: Edward J. Vanderbeck

14th Edition

0324374178, 978-0324374179

More Books

Students also viewed these Accounting questions

Question

★★★★★
Glass fibers with a diameter 50 m are introduced into a 6,6 nylon matrix. Determine the critical fiber length at which the fibers behave as if they are continuous. The strength of the bond between...

Answered: 1 week ago

Question

★★★★★
1. If parents want to focus on the grade level of their child, tell them that high grade-equivalent scores reflect a thorough understanding of the current grade level and NOT the capacity to do...

Answered: 1 week ago

Question

★★★★★
2. Refer back to the table in Figure 32.7 in the previous chapter. Suppose that aggregate demand increases such that the amount of real output demanded rises by $7 billion at each price level. By...

Answered: 1 week ago

Question

★★★★★
Elizabeth Irwins design team has proposed the following system with component reliabilities as indicated: What is the reliability of thesystem? R= 0.85 |- R 0.90 A0.90 R= 0.85

Answered: 1 week ago

Question

★★★★★
Petty cash fund entries Journalize the entries to record the following: a . Check No . 1 2 - 3 7 5 is issued to establish a petty cash fund of $ 1 , 2 0 0 . a . Journalize the entry to establish the...

Answered: 1 week ago

Question

★★★★★
Which of the following is an example of a source document? Multiple Choice Trial Balances Ledgers Financial Statements Journals Sales Invoices

Answered: 1 week ago

Question

★★★★★
Question: What happens when a method in a Java class is declared final? A) The method cannot throw exceptions. B) The method cannot be overridden by subclasses. C) The method cannot access instance...

Answered: 1 week ago

Question

★★★★★
Question: What does the transient keyword do in Java when applied to a field? A) It ensures that the field is always initialized to a default value when an object is created. B) It marks the field to...

Answered: 1 week ago

Question

★★★★★
Question: What does the transient keyword do in Java when applied to a field? A) It ensures that the field is always initialized to a default value when an object is created. B) It marks the field to...

Answered: 1 week ago

Question

★★★★★
Question: What is the effect of declaring a method as synchronized in Java? A) It ensures that the method can be accessed by only one thread at a time within an entire application. B) It ensures that...

Answered: 1 week ago

Question

★★★★★
Discuss two processes according to Madeline Heilman for women's difficulties when advancing their careers.

Answered: 1 week ago

Previous Question Next Question