10. CCESO LOOSISSCWC OS 4-2 Identifying inventory costs dy for sale. The goods were shipped to hal necessary costs of $400 were incurred to Costs of $5.000 were incurred to acquire goods and make them ready for sale. The the buyer (FOB shipping point for a cost of $200. Additional necessary costs of acquire the goods. No other incentives or discounts were available. What centives or discounts were available What is the buyer's total cost of me chandise inventory? a. $5,000 b. $5,200 c. $5,400 d. 55,600 ndising company and from a service com- QS 4-3 Merchandise accounts and computations Use the following information in random order) from a merchandising company and from pany. Hint: Not all information may be necessary for the solutions. a. For the merchandiser only, compute: 1. Goods available for sale. 2. Cost of goods sold. 3. Gross profit. b. Compute net income for each company. Kleiner Merchandising Company Krug Service Company Accumulated depreciation......... Beginning inventory.. Ending inventory.... Expenses.... Net purchases....... Net sales $ 700 5,000 1,700 1,450 3,900 9,500 Expenses .. Revenues... Cash ... Prepaid rent Accounts payable. Equipment $12,500 14,000 700 800 200 1,300 Compute the amount to be paid for each of the four separate invoices assuming that all invoices are paid within the discount period. g net invoice