Not your question?
Ask your question
View similar questions
Add your answer here.Check out some similar questions!
Inventory accounting - cost of inventory destroyed
[ 2 Answers ]
Please assist me with the following questions: Citi-Wholesalers marks its purchases up by 25%. Its inventory was insured against fire, the policy being subject to average. A fire took place on 30th October 2007 and all inventory was destroyed except for items which had cost $40 000 which were...
How to find ending inventory using the average inventory cost method
[ 3 Answers ]
The Boxwood Company Sells blankets for $60 each. Purchase 5 units 30$ Purchase 10 units 34$ Purchase 10 units 40$ Sale 3 units Sale 6 units Sale 3 units Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the average...
How do you find average inventory using only ending inventory and COGS?
[ 3 Answers ]
In searching the Internet on a method of how to do this, all examples include beginning inventory and purchases to determine average inventory. I know ending inventory for one year is beginning inventory for the next, but when you don't have information on purchases, how does one arrive at finding...
Cost Accounting problems, Inventory cost updating
[ 6 Answers ]
How to update the inventory for manufacturing company? Example: Original inventory: ($) Part 1, 1000 part 2, 2000 part 3, 3000 part 4, 4000
Find Cost of goods sold and ending inventory using.average cost/FIFO/LIFO
[ 2 Answers ]
I'm having a hard time with the fifo and lifo method... of this question Began with 73 yards @ 23 per yard During the month the company made the following purchases. March 3/4 113 yards @ 27 3/12 81 yards @ 29 3/19 167 yards @ 32 3/25 44 yards @ 35 View more questions Search
|