1.Closing Inventory consists of 1,100 units. What
would be the cost of Closing Inventory under FIFO and LIFO
methods?
Opening Inventory 1000 units @ $
10 $ 10,000
Purchase (1) 800 units @ $
11 $ 8,800
Purchase (2) 500 units @ $
14 $ 7,000
Purchase (3) 400 units @ $
12 $ 4,800
Purchase (4) 300 units @ $
13 $ 3,900
------------
-----------
Totals 3000 units
$ 34,500
=======
======
- 1 Answers
- 2863 Views
- I also Faced
- E-Mail Answers
Do you know what is double-entry accounting? Explain with an example?
using examples, examine the relevance of the following as final accouting adjustments; 1.reserves 2.provisions 3.disposal of assets 4.control accounts
why we transfer wages and salary in trading a/c,and why we transfer salary and wages in p/l a/c?
what is the realtime work and process on provident fund(pf) as accountant?
My company has just bought a car. The breakdown is as below: cost of the car = 50000 Interest = 15000 Registration fee = 500 Road tax (first year) = 1800 Please show me the correct entries in the books Thank you
What are the purposes of maintaining control ledgers?
i want make credit card ledger. which group under its come?
What is NEFT? and its Limit(if any)
How will I post entries to Tally If I purchased a Car in Loan. The principal Amount = 62930 Interest = 6846 Total = 69776 We have to pay Rs 1191 every month for 4 years which include Principle amount and interest. how can I post the monthly entries to tally
why u maintain accounts in business
You own 50 shares of reliance indu. On 30th Jan 2013 Reliance indu.delcared a dividend fo rs 4 per share. The proceeds were credited to your bank account on 25th March 2013. Payment fo dividend was subject to a withholding tax 2%. Please pass the necessary journal entries in your books of accounts for the period Jan and March 2013.
0 Answers AXA Business Services,
Hi sir, Our appointed one agent for sales promotion activities. This agent doing the job "canvas of our product". My quires 1)it is eligible for service tax and how to accounted. 2) this transaction is direct expenses or direct expenses? Pl suggest me
0 Answers Supraveni Chemicals,
Audit 
