Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. oriole company lnc. had a beginning imentary of 10

Oriole Company lnc. had a beginning imentary of 105 units of Product RST at a...

70.2K

Verified Solution

Question

Accounting

Oriole Company lnc. had a beginning imentary of 105 units of Product RST at a cost of $7 per unit. During the ycar, purchases were:
Oriole Company uses a pariodic imentary systam. Sales totaled 1,485 units.
(a)
Y Your answer is correct.
Determine the cost of poods available for sale.
The cost of poods available for sale
eTextbook and Medla
Attempts 1 of 3 used
(b1)
Correct Answs
Your answer is incorrect.
Calculate average cast por unit. (Round answer to 3 decimal ploces, es 2237 J
Averasa coat per unit
$
eTextbook and Medla
Solution
Attemptse 3 of 3 used
(b2)
Determine the ending inwentory and the cost of poods sald undar each of the assumsd cost flaw methods (FIFO, LIFO, and
averags-cost).(Round per unit cost to 3 decinal ploces, es.15.647 and final ansiwers to 0 decimal places, eg 5.125.)
image

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

What would be a portion size per serving for this menu for a preschooler (3 year-old...

Biology
Q

According to Seligman, what do most people want out of life? What is positive psychology? What does...

Psychology
Q

A lamp is twice as far in front of a plane mirror as a person is....

Physics
Q

a b 1 along x axis 3 along z axis X A semi circular current...

Physics
Q

Suppose in order for a bill to pass in Congress, 50% of voters must be...

Basic Math
Q

Two different suppliers are competing to supply a particular part for a new Boeing airliner...

Calculus
Q

Garson, Inc. produces three products. Data concerning the selling prices and unit costs of the...

Accounting
Q

Favorable and unfavorable variances are subtracted from each other to arrive as a net favorable...

Accounting
Q

For each of the following separate situations, determine the amount of expense each company should...

Accounting
Q

Ajax Computer Company is an accrual method calendar year taxpayer. Ajax has never advertised in...

Accounting
Q

Your firm needs a machine which costs $150,000, and requires $30,000 in maintenance for each...

Finance
Q

Question 8 10 pts Which of the following statements is correct? If the discount rate...

Finance