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Accounting questions in 1 hour (Example)

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1. date event units Unit cost Total cost Nov 1 Beginning inventory 108 15 1620 Nov 9 sale 92 Nov 16 purchase 133 19 2527 Nov 25 sale 84 COGS= (92*15)+(84*19)=1380+1596=$2976 2. Date event unit Unit cost Total cost Jan 1 Beginning inventory 17 124 2108 Apr 15 purchase 137 116 15892 Sep 9 purchase 23 119 2737 Dec 31 Ending inventory 41 Total cost of goods available=2108+15892+2737=$20737 Total units available =17+137+23=177 Inventory cost per 13. date event units Unit cost Aug 1 Beginning inventory 109 16 9 sale 92 16 purchase 128 25 25 sale 79 Cost of goods sold using perpetual FIFO; Aug 9 sale=92*16=$1472 109-92=17 units remained 25th sale=17*16=$272 79-17=62 units at 25 unit cost 25*62=$1550total cost of goods sold=1472+272+1550=$3294 14. date events unit cost July 9 purchase 1 157 17 purchase 1 168 26 purchase 1 197 31 sold 1 234 Gross profit using FIFO Method; 234-157=$77 [...]

Order Description:

enclosed is PDF with the questions I need to answer in an hour

Subject Area: Accounting

Document Type: Proofreading

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $25

Words 550

Pages 2

Completed in 1 day

Expert daisy508

Client Review

awesome ! i appreciate your help and everything

Positive
10.07.2016

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