A company has beginning inventory of 44 units at a cost of $12.00 each on October 1. On October 5, it purchases 28 units at $13.00 per unit. On October 12 it purchases 38 units at $14.00 per unit. On October 15, it sells 84 units. Using the periodic FIFO inventory method, what is the value of the inventory at October 15 after the sale?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A company has beginning inventory of 44 units at a cost of $12.00 each on October 1. On October 5, it purchases 28 units at $13.00 per ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Tabitha shares a flea market booth with her sister. Her share of the rent is $150 per month. She is considering moving to her own, larger booth which she will not have to share with anyone. The larger booth rents for $450 per month.
Answers (1)
Prices act as signals in markets. if the price of a good increases due to an increase in demand, this is a signal to producers to:
Answers (1)
Why are checking accounts called demand deposits
Answers (1)
Sahara Company's Cash account shows an ending balance of $850. The bank statement shows a $28 service charge and an NSF check for $100. A $240 deposit is in transit, and outstanding checks total $340. What is Sahara 's adjusted cash balance?
Answers (1)
Wims, Inc., has current assets of $3,900, net fixed assets of $26,500, current liabilities of $3,400, and long-term debt of $7,500. a. What is the value of the shareholders' equity account for this firm?
Answers (1)
New Questions in Business
According to a summary of the payroll of Scotland Company, total salaries were $500,000. Assume that social security taxes are payable at a 6% rate and Medicare taxes are payable at a 1.5% rate with no maximum earnings.
No Answers
The following data from the just completed year are taken from the accounting records of Mason Company: Sales $ 652,000 Direct labor cost $ 81,000 Raw material purchases $ 133,000 Selling expenses $ 102,000 Administrative expenses $ 43,000
Answers (1)
At a volume of 8,000 units, Pwerson Company incurred $32,000 in factory overhead costs, including $12,000 in fixed costs.
Answers (2)
Three identical homes in a neighborhood were listed at the same time in a market where demand was constant. According to the law of supply and demand, which would have sold for the lowest price?
Answers (1)
would frozen vegetables be considered a normal or inferior good?
Answers (1)