Using the data in Question 4 above, the cost of the ending inventory under LIFO is: Data
Question:
Using the data in Question 4 above, the cost of the ending inventory under LIFO is:
Data from Question 4
Tinker Bell Company has the following:
If Tinker Bell has 9,000 units on hand at December 31, the cost of the ending inventory under FIFO is:
(a) $113,000.
(b) $108,000.
(c) $99,000.
(d) $100,000.
Transcribed Image Text:
Inventory, Jan. 1 Purchase, June 19 Nov. 8 Purchase, Units 8,000 13,000 5,000 Unit Cost $11 12 13
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 33% (3 reviews)
Answered By
Larlyu mosoti
I am a professional writer willing to do several tasks free from plagiarism, grammatical errors and submit them in time. I love to do academic writing and client satisfaction is my priority. I am skilled in writing formats APA, MLA, Chicago, and Harvard I am a statistics scientist and I can help out in analyzing your data. I am okay with SPSS, EVIEWS, MS excel, and STATA data analyzing tools.
Statistical techniques: I can do linear regression, time series analysis, logistic regression, and some basic statistical calculations like probability distributions. . I'm ready for your working projects!
Services I would offer:
• Academic writing.
• Article writing.
• Data entry.
• PDF conversion.
• Word conversion
• Proofreading.
• Rewriting.
• Data analyzing.
The best reason to hire me:
- Professional and Unique work in writing.
- 100% satisfaction Guaranteed
- within required time Express delivery
- My work is plagiarism Free
- Great communication
My passion is to write vibrantly with dedication. I am loyal and confident to give my support to every client. Because Client satisfaction is much more important to me than the payment amount. A healthy client-contractor relationship benefits in the longer term. Simply inbox me if you want clean work.
5.00+
3+ Reviews
10+ Question Solved
Related Book For
Financial And Managerial Accounting
ISBN: 9781118004234
1st Edition
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
Question Posted:
Students also viewed these Business questions
-
A bakery in Champaign , IL is considering the purchase of a $20,000 espresso machine . The coffee maker has an economic life of seven years and will be fully depreciated by the straight - line method...
-
1) The Spangle Company uses the process cost system and average costing. The following prediction data are for the month of July: Production Costs Work in process, beginning of month Materials $2,500...
-
Bromination of an alkene by N-bromosuccinimide (NBS) in thepresence of light or peroxide is a radical reaction and produces anallylic bromide. For the following bromination of3-methylcyclopentene,...
-
The balance sheet of Lamont Bros. follow: (a) What portions of Lamont's assets were provided by debt, contributed capital, and earned capital? Reduce contributed capital by the cost of the treasury...
-
How well did Albanese manage the pricing and purchasing changes at Sunflower? Were the changes implemented successfully? How would you find this out?
-
Describe and compare action research, appreciative inquiry, large group interventions, and parallel learning structures as formal approaches to organizational change. AppendixLO1
-
. How is multitasking contributing to systemic delays in project development at Ramstein? Jack Palmer, head of the Special Projects Division for Ramstein Products, had been in his new position for...
-
What would happen to the sampling distribution of the mean if we increased sample size from 5 to 25?
-
AA Tours has earnings before interest and taxes (EBIT) that are less than the break-even earnings per share level. Ignore taxes. Which one of these statements is correct given this situation if the...
-
Davidson Electronics has the following: If Davidson has 7,000 units on hand at December 31, the cost of ending inventory under the average-cost method is: (a) $84,000. (c) $56,000. (b) $70,000. (d)...
-
Tinker Bell Company has the following: If Tinker Bell has 9,000 units on hand at December 31, the cost of the ending inventory under FIFO is: (a) $99,000. (b) $108,000. (c) $113,000. (d) $117,000....
-
If we record all of the LDL cholesterol measures from Data Set 1: Body Data that fall into the four age brackets of 2029, 3039, 4049, and 5059, we obtain the Statdisk analysis of variance results...
-
Sams old friend Dot is considering setting up a business offering historical boating trips along the River Thames. Dot thinks that she may be able to make a good living out of this. She has carried...
-
Arrow Industries employs a standard cost system in which direct materials inventory is carried at standard cost. Arrow has established the following standards for the direct costs of one unit of...
-
Explain the financial effect (increase, decrease, or no effect) of each of the following transactions on stockholders' equity: a. Purchased supplies for cash. b. Paid an account payable. c. Paid...
-
What type of account-asset, liability, stockholders' equity, dividend, revenue, or expense-is each of the following accounts? Indicate whether a debit entry or a credit entry increases the balance of...
-
Is it possible for an accounting transaction to only affect the left side of the accounting equation and still leave the equation in balance? If so, provide an example.
-
A critical problem is assessing how far a company is legally obligated to go in order to secure personal data. Because there is no such thing as perfect security (i.e., there is always more that you...
-
Design an experiment to demonstrate that RNA transcripts are synthesized in the nucleus of eukaryotes and are subsequently transported to the cytoplasm.
-
On January 1, 2012, Valuation Allowance for Trading Investments has a zero balance. On December 31, 2012, the cost of the trading securities portfolio was $33,200, and the fair value was $39,500....
-
On January 1, 2012, Valuation Allowance for Available-for-Sale Securities has a zero balance. On December 31, 2012, the cost of the available-for-sale securities was $62, 400, and the fair value was...
-
On January 1, 2012, Valuation Allowance for Available-for-Sale Securities had a zero Balance. On December 31, 2012, the cost of the available-for-sale securities was $7, 600, and the fair value was...
-
How to solve general ledger cash balance chapter 9 assignment 5
-
On 31 July 2018, Sipho bought 1 000 ordinary shares in ABC Ltd at a cost of R2 750. On 31 December 2018 the company made a 1 for 10 bonus issue. On 31 March 2019, Sipho sold 300 shares for R800. What...
-
If you purchase a $1000 par value bond for $1065 that has a 6 3/8% coupon rate and 15 years until maturity, what will be your annual return? 5.5% 5.9% 5.7% 6.1%
Study smarter with the SolutionInn App