subject

32. Altira Corporation uses a perpetual inventory system. The following transactions affected its merchandise inventory during the month of August 2013: Aug. 1 Inventory on hand………….. 2,000 units; cost $6.00 each. 8 Purchased ………………….. 10,000 units for $5.00 each. 14 Sold …………………………8,000 units for $12.00 each. 18 Purchased …………………...6,000 units for $5.00 each. 25 Sold ………………………7,000 units for $11.00 each. 31 Inventory on hand …………...3,000 units. Required: Determine the inventory balance Altira would report in its August 31, 2013, balance sheet and the cost of goods sold it would report in its August 2013 income statement using each of the following cost flow methods: 1. First-in, first-out (FIFO) 2. Last-in, first-out (LIFO) 3. Average cost

ansver
Answers: 3

Another question on Advanced Placement (AP)

question
Advanced Placement (AP), 23.06.2019 18:30
An object accelarates from rest to a velocity of 2.4m/s over a distance of 16m what was its accelaration
Answers: 1
question
Advanced Placement (AP), 24.06.2019 17:50
For review 1. in terms of which government is sovereign, differentiate among a unitary system, a confed- eral system, and a federal system of government. 2. to which level of government does the constitution distribute the enumerated po implied powers? concurrent powers? reserved powers? provide several power. 3. what matters fall within the scope of state sovereignty? differentiate among dual federalism, cooperative federalism, centralized federalism, and conflicted federalism. how does the national government use grants-in-aid, mandates, and preemption to direct the policy of state and local governments? 6. what do we mean by intergovernmental relations? why is the term a good description of u.s. federalism today? 7. list several advantages and several disadvantages of a federal system.
Answers: 2
question
Advanced Placement (AP), 25.06.2019 22:00
Three of the following infractions will result in your drivers license being suspended. which will cause it to be revoked? a. racing on the highway b. failing to stop for a school bus c. failing to pay child support d. refusing a breath test
Answers: 1
question
Advanced Placement (AP), 26.06.2019 03:00
Mrs. foyle told yolanda that her test had 38 problems worth a total of 100 points. each test problem is worth either 5 points or 2 points. yolanda wanted to determine how many 2-point and how many 5-point questions are on the test. in the space below, determine how many questions of each point-value are on the test. show your work or provide an explanation to support your answer. need this asap
Answers: 1
You know the right answer?
32. Altira Corporation uses a perpetual inventory system. The following transactions affected its me...
Questions
question
English, 11.10.2019 16:30
Questions on the website: 13722367