subject
Business, 10.03.2020 08:03 PinkDivaGirl02

Gladstone Company tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period, as if it uses a periodic inventory system. Assume its accounting records provided the following information at the end of the annual accounting period, December 31. Transactions Units Unit Cost Beginning inventory, January 1 1,500 $ 40 Transactions during the year: a. Purchase, January 30 2,900 52 b. Sale, March 14 ($100 each) (1,150 ) c. Purchase, May 1 1,600 70 d. Sale, August 31 ($100 each) (1,600 ) Assuming that for Specific identification method (item 1d) the March 14 sale was selected two-fifths from the beginning inventory and three-fifths from the purchase of January 30. Assume that the sale of August 31 was selected from the remainder of the beginning inventory, with the balance from the purchase of May 1.

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 21:30, larissacrystalow8g2w
Match the various steps in the creative process undertaken by the ad agency for developing the campaign for wpu, to the steps in young's model of the creative process. creative process in developing wpu's campaignyoung's modelafter intensive analysis of the data and several rounds of brainstorming, the agency executives decided to take a break from this project (the wpu campaign), and instead work on a different client's project before tackling the wpu project again. using a combination of animatics and storyboards, the ad agency conducted research with a representative sample of sixty target consumers to pretest the campaign theme and the creative execution. during a brainstorming session in the creative department, a copywriter's suggestion for a slogan for wpu was recognized as an excellent central idea that could drive the campaign for wpu. the account planning, account management and creative departments at the ad agency had a series of meetings and brainstorming sessions to discuss the creative brief and the results of all the primary and secondary research done with the target consumers. the account planning and the account management groups at the ad agency conducted primary research with a representative sample of the target segment and also studied secondary research data to gain insights required for the campaign development process.
Answers: 2
image
Business, 21.06.2019 22:30, lailabirdiemae
Emily sold the following investments during the year: stock date purchased date sold sales price cost basis a. 1,000 shares dot com co. 03-21-2007 02-04-2018 $20,000 $5,000 b. 500 shares big box store 05-19-2017 01-22-2018 $8,200 $7,500 c. 300 shares lotta fun, inc. 10-02-2017 09-21-2018 $3,000 $4,500 d. 700 shares local gas co. 06-17-2017 11-11-2018 $14,000 $17,000 for each stock, calculate the amount and the nature of the gain or loss.
Answers: 3
image
Business, 22.06.2019 02:00, zykia1002
Greater concern for innovation and quality has shifted the job trend to using more broadly defined jobs. t/f
Answers: 1
image
Business, 22.06.2019 14:30, lilquanreem8051
Bridge building company estimates that it will incur $1,200,000 in overhead costs for the year. additionally, the company estimates 50,000 direct labor hours will be spent building custom walking bridges for the year at a total direct labor cost of $600,000. what is the predetermined overhead rate for bridge building company if direct labor costs are to be used as an allocation base?
Answers: 3
You know the right answer?
Gladstone Company tracks the number of units purchased and sold throughout each accounting period bu...

Questions in other subjects:

Konu
Mathematics, 02.07.2019 12:10
Konu
Mathematics, 02.07.2019 12:10
Konu
Social Studies, 02.07.2019 12:10
Konu
Mathematics, 02.07.2019 12:10
Konu
Mathematics, 02.07.2019 12:10