Maurice Tutor

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About Maurice Tutor

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Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 4 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 24 Jul 2017 My Price 3.00

Swain New Products Co

Records of the Swain New Products Co. show the following data relative to Product M:
March 2 Inventory . . . . . . . . . . . . . . . . . . . . . 450 units at $26.00
3 Sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 400 units at $33.00
6 Purchase . . . . . . . . . . . . . . . . . . . . . . . . . . 350 units at $27.50
13 Purchase . . . . . . . . . . . . . . . . . . . . . . . . . 300 units at $28.00
20 Sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 300 units at $34.50
25 Purchase . . . . . . . . . . . . . . . . . . . . . . . . . 100 units at $27.00
28 Sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 units at $35.00
Instructions: Calculate the inventory balance and the gross profit on sales for the month on each of the following bases.
1. Perpetual FIFO
2. Periodic FIFO

Answers

Maurice Tutor
(5)
Status NEW Posted 24 Jul 2017 10:07 PM My Price 3.00

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