Business, 12.02.2020 04:48 Abrahamolve
Inventory Cost Flow
Crystal Apple Sales Company began 2014 with cash of $2,000, inventory of $3,600 (200 crystal apples that cost $18 each), $2,500 of common stock, and $3,100 of retained earnings. The following events occurred during 2014.
1. Crystal Apple purchased additional inventory twice during 2014. The first purchase consisted of 800 apples that cost $20 each, and the second consisted of 1,200 apples that cost $24 each. The purchases were on account.
2. The company sold 2,040 apples for cash at a selling price of $40 each.
Required
Determine the ending inventory and cost of goods sold using the three different cost flow assumptions: FIFO, LIFO, and Weighted Average.
Answers: 1
Business, 22.06.2019 14:40
Which of the following statements about revision is most accurate? (a) you must compose first drafts quickly (sprint writing) and return later for editing. (b) careful writers always revise as they write. (c) revision is required for only long and complex business documents. (d) some business writers prefer to compose first drafts quickly and revise later; others prefer to revise as they go.
Answers: 3
Business, 22.06.2019 15:00
(a) what do you think will happen if the price of non-gm crops continues to rise? why? (b) what will happen if the price of non-gm food drops? why?
Answers: 2
Business, 22.06.2019 21:00
Reagan corporation is a wholesale distributor of truck replacement parts. initial amounts taken from reagan's records are as follows:
Answers: 1
Inventory Cost Flow
Crystal Apple Sales Company began 2014 with cash of $2,000, inventor...
Crystal Apple Sales Company began 2014 with cash of $2,000, inventor...
Mathematics, 12.01.2021 03:20
English, 12.01.2021 03:20
History, 12.01.2021 03:20
History, 12.01.2021 03:20
Mathematics, 12.01.2021 03:20
Social Studies, 12.01.2021 03:20
SAT, 12.01.2021 03:20
Mathematics, 12.01.2021 03:20
Mathematics, 12.01.2021 03:20