What was the closing inventory for the AVCO method? Compute the cost of sales and closing inventory

Fantastic news! We've Found the answer you've been seeking!

Question:

What was the closing inventory for the AVCO method?

Compute the cost of sales and closing inventory for Ganada Coose ltd using the below information:

Opening stock with Cost at €10,500 (220 units) and NRV of €11750

Jan purchases 1000 units at €45 per unit

March purchases 950 units totalling €41,250

May sales €930

August purchase 400 units at €41 per unit

November sales 1470 units

Related Book For answer-question

Modeling the Dynamics of Life Calculus and Probability for Life Scientists

ISBN: 978-0840064189

3rd edition

Authors: Frederick R. Adler

See More Books

Posted Date: Nov 10, 2022 02:02 AM

See More Questions

Graph the following Discrete Dynamical Systems. Explain their long-term behavior. Try to find realistic scenarios that these DDS might explain. 7. (n + 1) %3D -1.3 (n) + 20, (0) %3D 9 8. a(n + 1) =...
Find and graph the discrete-time dynamical system for tail length. These data define several discrete-time dynamical systems. For example, between the first measurement (on day 0.5) and the second...
Find and graph the discrete-time dynamical system for mass. These data define several discrete-time dynamical systems. For example, between the first measurement (on day 0.5) and the second (on day...
Elaborate the basic functioning of a hydraulic lift. Include the terms pressure, density, and buoyant force in the explanation. Give one example of a hydraulic lift you have encountered.
Factor analysis reduces correlations to interactions between a small number of risk factors. For fixed-income portfolios, the number of factors should be two, irrespective of the portfolio. Discuss.
The financial statements of P&G are presented in Appendix 5B. The companys complete annual report, including the notes to the financial statements, can be accessed at the books companion website,...
Pick a product like Cadillac or Sara Lee Deli products or service like Mr. Clean Performance Car Wash or a car and home insurance company that is offered in a limited number of countries. Assess the...
The comparative financial statements of Optical Solutions Inc. are as follows. The market price of Optical Solutions Inc. common stock was $60.00 on December 31, 2010. InstructionsDetermine the...
An express train service travels from London to Paris are an average speed of 200km/h and returns to London at an average speed of 160km/h. Each day the train travels 4 trips from London to Paris and...
The OLTP system data for the Fitchwood Insurance Company is in a series of flat files. What process do you envision would be needed in order to extract the data and create the ERD shown in Figure...
Suppose the exit of Great Britain from the European Union (Brexit) causes a reduction in confidence in the euro. What would be the effect(s) on the market for US dollars (relative to euros)?...
quantities. (a) Let A and B be independent events with P[A] = 1/5 and P[B] = 1/4. Calculate P[An B] and P[AU B]. = (b) Let A, A2, A3 be events that are conditionally independent given B....
What are the five elements of Digital Information Technologies (IT)? Explain
A company has just adopted the revaluation model and consequently revalues its properties to a market value amounting to 450m (currently included in statement of financial position at Cost 400m less...
If Becky's LTD paid her a $4,000 a month taxable benefit, how much monthly income would this provide her on an after tax basis?
Write a C program to construct a binary search tree (BST) using the given inorder and postorder traversals. The tree is accessed using a pointer pointing at root. Display a menu for the user to...
The iceberg of quality costs referenced in the text illustrates both the visible, as well as less visible, costs associated with poor quality. For this discussion, consider the quality costs "below...
Suppose the index goes to 18 percent in year 5. What is the effective cost of the unrestricted ARM?
Suppose we tested n diseased people. Compute x2 as a function of n. Does it increase proportionally to the sample size? The significance of deviations from the null hypothesis depends on the sample...
5% of people are infected with a disease. Find the probability of choosing 50 people and finding none who are infected. The normal approximation cannot be used in the above case. Why not? Find...
Graph the following function. Give the average, maximum, minimum, amplitude, period, and phase of each and mark them on your graph. f(x) = 3.0 + 4.0cos (2 x - 1.0/5.0).
The role of state governments in providing public primary and secondary education varies greatly. In one case, the state government operates the school system; in a number of others, the state...
The education grant simulation case showed that a program of matching grants was not effective in equalizing per pupil spending because demand was relatively inelastic. What other means might be used...
Congestion is a common problem on roads and other transportation systems. Carefully explain what an economist means by congestion and why it is an economic problem.What type of user charge can solve...

What was the closing inventory for the AVCO method? Compute the cost of sales and closing inventory

Question:

Expert Answer:

Opening stock with Cost at 10500 220 units 4773 10500220 Jan purchases 1000 u... View the full answer

Modeling the Dynamics of Life Calculus and Probability for Life Scientists

Students also viewed these accounting questions