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

Question

1 Approved Answer

Current Attempt in Progress The following intormation is available for October for Blossom Company (Round onswers to 0 decimal ploces, es 5,275) A fire destroved

image text in transcribed
Current Attempt in Progress The following intormation is available for October for Blossom Company (Round onswers to 0 decimal ploces, es 5,275) A fire destroved Blossom's October 31 inventory. leawing undamaged inventory with a cost of 329000 . Using the gross profit method, the estimated ending ifventory destroyed by fire is $746667 5717667 5900000 . $191000

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

Auditing A Complete Guide To Perform Internal And External Audits

Auditing A Complete Guide To Perform Internal And External Audits

Authors: Tim Power

1st Edition

1801490031, 978-1801490030

More Books

Students also viewed these Accounting questions

Question

★★★★★
The Vanderbilt University Medical Center is representative of many health care delivery systems in the United States today. Even with its long history of success, Vanderbilt faced a $250 million...

Answered: 1 week ago

Question

★★★★★
Factor the expression completely, if possible. (x - 1) - 16

Answered: 1 week ago

Question

★★★★★
9.59 Washing Machine Colours A manufacturer of automatic washers provides a particular model in one of three colours. Of the first 1000 washers sold, it is noted that 400 were of the first colour....

Answered: 1 week ago

Question

★★★★★
McDonough Copy Center sells laser printers and supplies. Assume McDonough Copy Center started the year with 100 containers of ink (average cost of $8.00 each, FIFO cost of $8.60 each, LIFO cost of...

Answered: 1 week ago

Question

★★★★★
d. uses only a single basis of allocation. (LO 1) Activity-based costing a. is the initial phase of converting to a just-in-time operating environment. b. can be used only in a job-order costing...

Answered: 1 week ago

Question

★★★★★
Noah Edwin experienced a boom under the National Lockdown in South Africa and the opening of their online store for the sale of patisserie. In one week the patisserie fulfilled 2 500 orders. To...

Answered: 1 week ago

Question

★★★★★
A friend has asked you to help him figure out a statement he received from his broker. It seems that that at the start of last year, your friend paid $900 for a bond and sold it at the end of the...

Answered: 1 week ago

Question

★★★★★
You are told that P(A) = 0.4, P(B) = 0.5 and P(A or B) = 0.68 What is the value of P(A and B)? Please provide your answer in decimal form or percentage form, correctly rounded to two decimal places.

Answered: 1 week ago

Question

★★★★★
Trish Harris has deposited $2500 today in an account paying 6 per cent interest annually. What would be the simple interest earned on this investment in five years? If the account paid compound...

Answered: 1 week ago

Question

★★★★★
Mr. Lee was intending to enroll in MaxCares Medicare Advantage plan this year. However, due to his current medical condition, his daughter Debbie has been appointed as his legal representative over...

Answered: 1 week ago

Question

★★★★★
Critically assess section 4 [Exclusions] of Ghanas Electronic Transactions Act, 2008 (Act 772) in terms of its effect on e-commerce technology innovation in Ghana in the light of the UNCITRAL Model...

Answered: 1 week ago

Question

★★★★★
How can the use of social media such as Facebook and Twitter-like applications benefit the performance management process?

Answered: 1 week ago

Question

★★★★★
According to Hofstede (in Table 15.2), the United States is low on power distance, high on individuality, high on masculinity, low on uncertainty avoidance, and low on long-term orientation. Russia,...

Answered: 1 week ago

Question

★★★★★
What do you think is the most important step shown in the model of the effective performance management process? Justify your answer.

Answered: 1 week ago

Previous Question Next Question