20, purchases fier 2o tite information provided for Gbane Company, How much will he company report as y report as net ses for 2013? a. $221,520 b. $231,600 c. $241,680 d. $253,320 21 much a. $215,880 b. $218,760 c. $224,280 d. $228,840 efer to the information provided for Gbane Company. Using the cost of goods sold model, how will the company report as its cost of goods sold in its 2013 income statement? 22. Transportation-in is a. an operating expense. b. part of purchase returns and allowances. added part of the net cost of purchases. to transportation-out as part of the calculation of cost of goods sold. c. d. 23. inventory? a. specific identification b. weighted average cost c. FIFO d. LIFO Which inventory cost flow method assigns the cost of the most recent items purchased to ending Kine Company uses a perpetual inventory system and had the followving inventory trasactions for the month of June: June On hand, 50 units at $14.00 each 700 Purchased 115 units at $15 each Sold 100 units Purchased 75 units at $16 each 1,725 1,200 Total cost of goods available for sale $3,625 10 24 Sold 50 units 30 On hand, 90 units The June 30th inventory included 45 units from the June 4th purchase and 45 units from the June 10th purchase 24. Refer to the information provided for Klinc Company. What is the cost of ending inventory at June 30th under the specific identification method? a. $1,350 b. $1,359 c. $1,375 d. $1,395 lootad fingncial information is available for Pham Enterprises for the 20, purchases fier 2o tite information provided for Gbane Company, How much will he company report as y report as net ses for 2013? a. $221,520 b. $231,600 c. $241,680 d. $253,320 21 much a. $215,880 b. $218,760 c. $224,280 d. $228,840 efer to the information provided for Gbane Company. Using the cost of goods sold model, how will the company report as its cost of goods sold in its 2013 income statement? 22. Transportation-in is a. an operating expense. b. part of purchase returns and allowances. added part of the net cost of purchases. to transportation-out as part of the calculation of cost of goods sold. c. d. 23. inventory? a. specific identification b. weighted average cost c. FIFO d. LIFO Which inventory cost flow method assigns the cost of the most recent items purchased to ending Kine Company uses a perpetual inventory system and had the followving inventory trasactions for the month of June: June On hand, 50 units at $14.00 each 700 Purchased 115 units at $15 each Sold 100 units Purchased 75 units at $16 each 1,725 1,200 Total cost of goods available for sale $3,625 10 24 Sold 50 units 30 On hand, 90 units The June 30th inventory included 45 units from the June 4th purchase and 45 units from the June 10th purchase 24. Refer to the information provided for Klinc Company. What is the cost of ending inventory at June 30th under the specific identification method? a. $1,350 b. $1,359 c. $1,375 d. $1,395 lootad fingncial information is available for Pham Enterprises for the
