Ask Experts Questions for FREE Help !
Ask
    tu713's Avatar
    tu713 Posts: 2, Reputation: 1
    New Member
     
    #1

    Nov 30, 2008, 12:53 PM
    Assuming Vulcan uses a FIFO cost flow method, the cost of goods sold for the sales tr
    A. $ 840
    b. $ 920
    c. $ 860
    d. $ 880
    tu713's Avatar
    tu713 Posts: 2, Reputation: 1
    New Member
     
    #2

    Nov 30, 2008, 12:56 PM

    Assuming Vulcan uses a FIFO cost flow method, the cost of goods sold for the sales transaction on January 31 is
    jillianleab's Avatar
    jillianleab Posts: 1,194, Reputation: 279
    Ultra Member
     
    #3

    Nov 30, 2008, 01:02 PM

    Hello tu,

    It seems we are missing a bit of information about your question. Based on what you've given us, there is no way to answer. But please also know this is not a homework answer site - you are welcome to post the question and post the work you have done in attempting to answer it, and we will guide you in the correct direction. We do not do the work for you, but we will help you to understand the problem and how to get the solution.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Compute inventory cost of goods sold using periodic FIFO and LIFO [ 3 Answers ]

Thompson sells a basketball, NBA, that is popular with basketball players. Below is information relating to Thompson's purchases of NBA baskeballs during September. During the same month, 118 NBA baskeballs were sold. Thompson uses a periodic inventory system. Sept 1 Inventory 15 $97 ...

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

Percent of cost of goods sold to Company sales [ 1 Answers ]

How do you compute the cost of goods sold to company sales for the year 20?2 to 20?3 and tell if the trend is favorable?

Net sales-cost of goods sold= [ 2 Answers ]

What is the net sales minus cost of goods sold?


View more questions Search