subject
Business, 28.03.2022 22:40 mathk3

Orion iron corporation tracks the number of units purchased and sold throughout each year but applies its inventory costing method perpetually at the time of each sale, as if it uses perpetual inventory system. assume its accounting records provided the following information at the end of the annual accounting period, december 31. transactionsunitsunit cost
a. inventory, beginning300$ 12
for the year:
b. purchase, april 1190010
c. purchase, june 180013
d. sale, may 1 (sold for $40 per unit)300
e. sale, july 3 (sold for $40 per unit)600
f. operating expenses (excluding income tax expense), $19,500
calculate the cost of ending inventory and the cost of goods sold using the fifo and lifo methods.

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 16:30, HomeWorkForLife
Gather reliable information to brent make his decision. to gather this information, use newspapers, call insurance companies or look at their web sites, and review consumer magazines and web sites. also, look at the manufacturer web site or for information about gas mileage. list the sources you use and take notes.
Answers: 3
image
Business, 22.06.2019 07:20, staxeeyy767
Richardson hired j. c. flood company, a plumbing contractor, to correct a stoppage in the sewer line of her house. the plumbing company's 'snake' device, used to clear the line leading to the main sewer, became caught in the underground line. to release it, the company excavated a portion of the sewer line in richardson's backyard. in the process, the company discovered numerous leaks in a rusty, defective water pipe that ran parallel with the sewer line. to meet public regulations, the water pipe, of a type no longer approved for such service, had to be replaced either then or later, when the yard would have to be excavated again. the plumbing company proceeded to repair the water pipe. though richardson inspected the company's work daily and did not express any objection to the extra work involved in replacing the water pipe, she refused to pay any part of the total bill after the company completed the entire operation. j. c. flood company then sued richardson for the costs of labor and material it had furnished. (c) for what, if anything, should richardson be liable? explain."
Answers: 1
image
Business, 22.06.2019 16:30, natalie2sheffield
En major recording acts are able to play at the stadium. if the average profit margin for a concert is $175,000, how much would the stadium clear for all of these events combined?
Answers: 3
image
Business, 23.06.2019 01:30, paigehixson342
True or false: it is generally better to concentrate your exercise time on the weekends only for maximum aerobic benefit.
Answers: 1
You know the right answer?
Orion iron corporation tracks the number of units purchased and sold throughout each year but applie...

Questions in other subjects:

Konu
Mathematics, 07.04.2020 22:36