Fly buy frisbee sells a wide variety of frisbees and uses a perpetual

Fly buy frisbee sells a wide variety of frisbees and uses a perpetual inventory system. On June 1, fly-buy frisbee had five fast flying frisbees on hand at a unit price of$105. During June and July , the company had the following purchases and sales for this frisbee (all in cash): June 4- SALE- 2 unit price $210 , June 18-PURCHASE-5, unit price $115, June 30-SALE-6 unit price $235, July 5-PURCHASED- 5 unit price $120, July 12-SALE-3unit price $255,July 25-SALE-2 unit price $255 Question: a) determine the cost of goods sold and ending inventory under a perpetual inventory system using 1)FIFO 2)Average (round average cost 2 decimal places) 2) calculate gross profit using 1)FIFO 2) average and question 3) what impact, if any does the choice of cost formula have on cash flow?, 

Pm 2: copperhead company has provided you with the following information regarding its inventory of copper for September and October. Copperhead uses a perpetual inventory system

Copper inventory (in tonnes): sept 2,500, October 2,000

Cost per ton: sept-$505 oct- $520

NRV per ton: sept $540 oct $520

A) Calculate the cost, new realizable value, and the amount to be reported on the balance sheet for copperheads inventory at 1) September 30th and 2) Oct 31

B) Prepare any journal entries required to record the LCNRV of the copper inventory at 1) September 30 and 2) October 31

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more