Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. inventory by three methods the units of an item av

Inventory by Three Methods The units of an item avalable for sala durine the year...

90.2K

Verified Solution

Question

Accounting

image
Inventory by Three Methods The units of an item avalable for sala durine the year were as follaws: There are 47 units of the item in the pliysical inventary at December 31 . The periodic inventory swstem is used. Determine the inventory cost under each of the following methods. a. Dotermine the inventory cost by using the -first-in, fint-out method: s. b. Determine the inventory cost by using the last-in, first-out method. c. Determine the inventory cost by using the weighted average cost method. Round intermediate calcutation to cents then round final answer to the nearest whole doltar

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Why do ions have a difficult time getting through plasma membranes despite their small size? How...

Biology
Q

angel of incedence angle of reflection average angle of reflection clockwise counterclockwise 10 10 10 10 20 20 20 20 30 30 30 30 40 40 40 40 50 50 50 50 60 60 60 60 70 70 70 70 80 80 80 80 acrylic lens Glass lens angel of incedence angle of reflection average angle of reflection angle of reflection average...

Physics
Q

A four-lane divided highway in suburban area has the following criteria: • Average grade is less than 2% (level Terrain) • Posted speed...

Civil Engineering
Q

Destin Company recently acquired several businesses and recognized goodwill in each acquisition. Destin has allocated the resulting...

Accounting
Q

10 Tetras are popular tropical fish to raise and breed as a hobby A tetra...

Biology
Q

An angle passes through the point (11, 2). What is the compass heading of this...

Basic Math
Q

DRAWING CONCLUSIONS Hang time is the time you are suspended in the air during a...

Algebra
Q

procal Function Notes Reciprocal Function f x Ex 1 Graph f x 2 1 0...

Algebra
Q

Mohan lists his apartment on AirBnB for an average of $250 per night. He spent...

Accounting
Q

Last month when Holiday Creations, Incorporated, sold 35,000 units, total sales were $140,000, total variable...

Accounting
Q

After Tyler stopped making the loan payments on his office building, his lender forclosed on...

Finance
Q

The code provisions always take precedence over treaty provisions. To what extent is the above...

Accounting