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

Question

1 Approved Answer

Texas Petrochemical reported the following April activity for its VC-30 lubricant, which had a balance of 305 qts. @ $2.50 per quart on April 1.

image text in transcribed

Texas Petrochemical reported the following April activity for its VC-30 lubricant, which had a balance of 305 qts. @ $2.50 per quart on April 1. Purchases: Apr. 10 Apr. 14 Apr. 20 505 gts @ $2.60 405 qts @ $2.70 405 gts @ $2.75 Sales: Apr. 3 Apr. 12 Apr. 26 210 qts 505 ats 305 qts The ending inventory assuming LIFO and a periodic inventory system is: (Round your final answer to two decimal places.) Multiple Choice $1.634.50. $1,569.50. O $1,529.50. $1,639.50

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 Electronics Data Processing Systems

Auditing Electronics Data Processing Systems

Authors: WATNE

1st Edition

0130516163, 978-0130516169

More Books

Students also viewed these Accounting questions

Question

★★★★★
Although the team scores in this exercise usually are higher than the average individual scores, under what conditions might individual averages exceed group scores?

Answered: 1 week ago

Question

★★★★★
Praveen wants to speak on the telephone to his friend. When his friends phone rings, he answers it with constant probability 0.6. If Praveens friend doesnt answer his phone, Praveen will call later,...

Answered: 1 week ago

Question

★★★★★
Men are more likely to be persuaded by a woman who uses tentative language than by a woman who uses assertive language. True or False

Answered: 1 week ago

Question

★★★★★
Rugged Sports Enterprises LP is organized as a limited partnership consisting of two individual partners: Hockey LP and Football LP. Both partners separately operate a minor league hockey team and a...

Answered: 1 week ago

Question

★★★★★
How is the beginning-of-period noncontrolling interest balance determined?

Answered: 1 week ago

Question

★★★★★
if a writ of certiorari is issued by the u.s.supreme court, which of the follwoing is true

Answered: 1 week ago

Question

★★★★★
What condition could cause a properly installed and maintained hood system to fail to control a fire? Use of blow of caps on nozzles Installation of a pre-engineered system A buildup of grease in the...

Answered: 1 week ago

Question

★★★★★
Create a question that explores proving operational Interoperability to be a daunting task, particularly due to privacy and technical issues

Answered: 1 week ago

Question

★★★★★
Question: Writre a personal reflection Think about how you will use the 3 elements of persuasion (logic, emotion, credibility) to engage your reader. The coronavirus pandemic deeply impacted schools...

Answered: 1 week ago

Question

★★★★★
Beats versus Skullcandy Headphones Background For this role-play, students will assume one of three roles: (1) sales representative for Beats headphones; (2) sales representative for Skullcandy...

Answered: 1 week ago

Question

★★★★★
State E& Company acquisitions during 2 0 2 2 and the aggregated goodwill resulted from these acquisitions. How does each acquisition affect goodwill?

Answered: 1 week ago

Question

★★★★★
Consider your own personal opinions about ethical speaking. Would you add anything to the four principles noted here? If so, what characteristics would you cite?

Answered: 1 week ago

Question

★★★★★
3 Imagine that as the instructor or publisher, it is your responsibility to respond to an instance of plagiarism. How would you handle the situation?

Answered: 1 week ago

Question

★★★★★
Organizing Your Speech Points

Answered: 1 week ago

Previous Question Next Question