Questions
Periodic inventory by three methods; cost of goods sold
Periodic inventory by three methods; cost of goods sold
The units of an item available for sale during the year were as follows:
| Jan. 1 | Inventory | 180 | units at $108 |
| Mar. 10 | Purchase | 224 | units at $110 |
| Aug. 30 | Purchase | 200 | units at $116 |
| Dec. 12 | Purchase | 196 | units at $120 |
There are 208 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the ending inventory cost and the cost of goods sold by three methods.
| Cost of Inventory and Cost of Goods Sold | ||
| Inventory Method | Ending Inventory | Cost of Goods Sold |
| First-in, first-out (FIFO) | $ | $ |
| Last-in, first-out (LIFO) | ||
| Weighted average cost | ||
In: Accounting
On January 1, a company purchased equipment that cost $10,000.
Knowledge Check 01
On January 1, a company purchased equipment that cost $10,000. The company has not yet recorded depreciation, which is estimated 1800 per year. The company w prepare financial statements at the end of January. Complete the necessary journal entry. If no entry is required for a transaction event, select "No journal entry required in the first account field.)
In: Accounting
Cost of $50,000 in 2024 (four years from today).
Cost of $50,000 in 2024 (four years from today).
A.) How much will you need to set aside for 48 months at 6% nominal interest / year, compounded monthly, in order to pay the $50,000?
B.) Make 24 monthly payments at 6% interest, what are the monthly payments?
In: Finance
Copy equipment was acquired at the beginning of the year at a cost of $56,000 that...
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Copy equipment was acquired at the beginning of the year at a cost of $56,000 that has an estimated residual value of $8,000 and an estimated useful life of 5 years. It is estimated that the machine has an estimated 1,000,000 copies. This year 240,000 copies were made. Determine the (a) depreciable cost, (b) depreciation rate, and (c) the units-of-production depreciation for the year.
In: Accounting
Assuming the CAPM is valid, what is the cost of capital for a company if the...
Assuming the CAPM is valid, what is the cost of capital for a company if the company's capital has a beta of 1.2, the risk-free rate of return is 2%, the expected return in the market is 9 %, and the company's return on debt is 7%?
In: Finance
The cost of capital is generally suggested __ for __ based on the contents learnt in...
The cost of capital is generally suggested __ for __ based on the contents learnt in International Finance.
higher; MNCs
higher; domestic firms
lower; domestic firms
None of these are correct.
In: Finance
Describe at least three factors influencing the cost ofborrowing??
Describe at least three factors influencing the cost of borrowing??
In: Finance
If the price is 500, the demand is 35, and the unit cost of a computer...
If the price is 500, the demand is 35, and the unit cost of a computer per day is 55, the profit is...
In: Economics
Why does everyone lose to cost-push inflation?
Why does everyone lose to cost-push inflation?
In: Economics