Find the closing stock using the stock valuation methods of FIFO and LIFO Data as follows: Jan.2 bought 400 units for $40 per unit. Feb.12 bought 500 units per $60 per unit April 18 sold 600 units for $70 per unit. June 20 bought 450 units for $90 per unit Sept.23 sold 250 units for $110 per unit
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Find the closing stock using the stock valuation methods of FIFO and LIFO
Data as follows:
Jan.2 bought 400 units for $40 per unit.
Feb.12 bought 500 units per $60 per unit
April 18 sold 600 units for $70 per unit.
June 20 bought 450 units for $90 per unit
Sept.23 sold 250 units for $110 per unit
Step by step
Solved in 2 steps
- If the November BOM stock is $225,000 at retail and carries a 48% mark up what is the cost of the November BOM stock?What is the profit/loss for stock from the following information? Stock price jan- 102.03 Stock pric april- 86.19 option price jan- (-5.46) option price april- 1.93 *Buying 100 sharesThe following problem refers to the stock table for ABC Inc. (a tire company) given below. Use the stock table to answer the following questions. Where necessary, round the dollar amounts to the nearest cent. 52-Week High Low Stock SYM Div Yld % PE Vol 100s Hi Lo Close Net Chg 73.62 47.30 ABC Inc. ABC 2.19 1.2 17 5915 57.59 55.48 56.36 +1.32 a. What were the high and low prices for a share for the past 52 weeks? b. If you owned 700 shares of this stock last year, what dividend did you receive? c. What is the annual return for the dividends alone? How does this compare to a bank offering a3% interest rate? ? % choose A or B A. The yield is lower, and investing in the bank account is always the best option in this case. B. The yield is lower, but there is still the potential to get a better return on the stock investment. d. How many shares of this company's stock were traded yesterday? e.…
- The following problem refers to the stock table for ABC Inc. (a tire company) given below. Use the stock table to answer the following questions. Where necessary, round the dollar amounts to the nearest cent. 52-Week High Low Stock SYM Div Yld % PE Vol 100s Hi Lo Close Net Chg 73.62 47.30 ABC Inc. ABC 2.19 1.2 17 5915 57.59 55.48 56.36 +1.32 A. How many shares of this company's stock were traded yesterday? B. What were the high and low prices for a share yesterday? high: low: C. What was the price at which a share traded when the stock exchange closed yesterday? D. What was the change in price for a share of stock from the market close two days ago to yesterday's market close? E. Compute the company's annual earnings per share using (Round the answer to the nearest cent.)Use the given partial stock table. Round dollar amounts to the nearest cent when necessary. Consider the following for Boeing (BA). What is the difference between the highest and lowest prices paid for this stock during the last 52 weeks? Suppose that you own 600 shares of this stock. What dividend do you receive this year? How many shares of the stock were sold during the trading day? Did the price of a share of this stock increase or decrease during the day shown in the table? What was the price of a share of this stock at the start of the train day?Answer the Question based on the data given below; OPENING STOCK OMR 25000 CLOSING STOCK OMR 35000 NET PURCHASES OMR 130000 MANUFACTURING EXPENSES OMR 30000 What will be the average stock? a. OMR 5000 b. OMR 30000 c. OMR 60000 d. OMR 50000
- a company had the following ransaction for the month of feburary 2021 pushase sale feb 1 200@$4 feb 4 40@$10 Feb13 80@$5 feb 17 200@$12 1.what is the value of closing stock using the FIFO? 2.using the fifo method ,determine the value of stock on hand at feb28,2020 3.using the fifo method ,determine the value of stock on hand at april 30,,2020Cleveland Company has a stock portfolio valued at $4,000. Its cost was $3,300. If the Securities Fair Value Adjustment (Available-for-Sale) account has a debit balance of $200, prepare the journal entry at year-end.In Year 1, VF Corporation split its stock four for one. On the day prior to the split, the stock sold for $238.10. What is the anticipated price of the stock when the split is effective? Round your answer to the nearest cent. $ On the day that the split was effective, VF stock closed at $59.07. What was the change in the price of the stock? Round your answer to the nearest cent. Use a minus sign to enter a negative value, if any. $
- In Year 1, VF Corporation split its stock two for one. On the day prior to the split, the stock sold for $238.40. What is the anticipated price of the stock when the split is effective? Round your answer to the nearest cent. $ On the day that the split was effective, VF stock closed at $119.70. What was the change in the price of the stock? Round your answer to the nearest cent. Use a minus sign to enter a negative value, if any. $Using the information for Blue Northern Clothing Company presented in the table below, determine the following: Price-earnings ratio. The number of shares bought and sold on this trading day. Amount of income per share paid to a stockholder in the last 12 months. Additional Resources Year-to-Date % Change 1.92% EPS $1.79 52-Week Hi $58.59 PE Ratio 17.92 52-Week Lo $21.21 Volume 2,430,000 Dividend $0.83 Close Price $32.07 Yield Percentage 2.59% Net Change 1.74 1. Price-earnings ratio: 2. Number of shares: 3. Amount of income:The stock of Company A gained $6.65 throughout the day and ended at a value of $101.65. By what percentage did the stock rise?
