Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. flint corporation uses a perpetual inventory syste

Flint Corporation uses a perpetual inventory system. On November 19, the company sold 620 units....

50.1K

Verified Solution

Question

Accounting

image

Flint Corporation uses a perpetual inventory system. On November 19, the company sold 620 units. The following additional information is available: Units Unit Cost $12 15 310 Nov. 1 inventory Nov. 15 purchase Nov. 23 purchase Total Cost $3,720 6,450 7,650 $17,820 430 17 450 1,190 Calculate the November 30 inventory and the November cost of goods sold, using the moving average cost formula.(Round unit cost to 2 decimal places, e.g. 52.75 and final answers to decimal places.e.g. 5,275.) Cost of Goods Sold Ending Inventory $ $ $ e Textbook and Media Calculate the November 30 inventory and the November cost of goods sold, using the FIFO cost formula. UA $ Cost of Goods Sold Ending Inventory $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

In order to determine the rate of photosynthesis (the conversion by plants of carbon dioxide and...

Psychology
1.2K views

How does a psychosocial development approach that enhances the maturity level of youth compare with the...

Physics
1.2K views

A layer of ice 0 C of the thickness x is floating on a pond...

Geometry
1.2K views

Click here to watch the video 40 Given that cos 0 and sin 8 0...

Geometry
1.2K views

A regular right square pyramid has a lateral surface area of 161 m and a...

Statistics
1.2K views

1 of 5 Find the expected

Algebra
1.2K views

Find the length x to the nearest whole number X 26 350 550 Ext T...

Accounting
1.2K views

A Between 0.0% and 8.0% B Between 8.0% and 10.0% C...

Accounting
1.2K views

A category of long-lived assets that are depleted over time is: Multiple Choice natural resources....

Finance
1.2K views

Over a given year the force of interest per annum is a linear function of...

Finance
1.2K views

Discuss the importance of using linear programming. Provide a business example as to how this...

Finance
1.2K views

7. A high home inflation rate relative to other countries would_______ the home countrys current...