Question
2. On June 15, Siddiqui Company sells merchandise on account to Miller Co. for $3,610, terms 2/10, n/30. On June 20 Miller Co. returns merchandise
2. On June 15, Siddiqui Company sells merchandise on account to Miller Co. for $3,610, terms 2/10, n/30. On June 20 Miller Co. returns merchandise worth $1,030 to Siddiqui Company. On June 24 payment is received from Miller Co. for the balance due. What is the amount of cash received? (Round your answer to the nearest whole number)
3. RMuhammad Company has the following inventory data: July 1 Beginning inventory 30 units at 9 July 7 Purchases 105 units at $10 July 22 Purchases 15 units at $14 A physical count of merchandise inventory on July 30 reveals that there are 50 units on hand. Using the LIFO inventory method, what is cost of goods sold for July? (round your answer to the nearest whole number)
4. Davis Inc has the following inventory data: July 1 Beginning inventory 30 units at 8 July 7 Purchases 105 units at $11 July 22 Purchases 15 units at $15 A physical count of merchandise inventory on July 30 reveals that there are 50 units on hand. Using the FIFO inventory method, what is cost of goods sold for July? (round your answer to the nearest whole number)
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