Maurice Tutor

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About Maurice Tutor

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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, 3 Days Ago
Questions Answered: 66690
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Education

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

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 06 Aug 2017 My Price 3.00

inventory portion

I’m working on an accounting project and the inventory portion is stumping me. I'm hoping someone can help answer. The current inventory consists of 30 units of software at a cost of $140.00 each. Inventory is cost using LIFO and the perpetual inventory system. JOURNAL-12/11/14- Sold 15 units of Inventory on Account, $4,50012/12/14- Purchased 20 units of Inventory on Account, $2,400 12/19/14- Sold 10 units of Inventory on Account, $3,000
Adjustment- 12/31/14- Inventory count shows 33 units, some damaged units were disposed of during the month

Answers

(5)
Status NEW Posted 06 Aug 2017 03:08 PM My Price 3.00

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