FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company that uses the periodic inventory provides the following information 1. Beginning inventory $15,000 2. Not Purchases $94,000 At the end of the period,

image text in transcribed
A company that uses the periodic inventory provides the following information 1. Beginning inventory $15,000 2. Not Purchases \$94,000 At the end of the period, the physical count of inventory reveals that $12,000 of inventory is on hand. What is the amount of cost of goods sola? A. $82,000 B. $121,000 C. $94,000 D. $97000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

IRS Audit Protection And Survival Guide Bed And Breakfasts

IRS Audit Protection And Survival Guide Bed And Breakfasts

Authors: Gerald F. Bernard, Daniel J. Baran

1st Edition

0471166340, 978-0471166344

More Books

Students also viewed these Accounting questions

Question

★★★★★
Kirby Garage Doors manufactures a premium garage door. Currently, the price and cost data associated with the premium garage door are as follows: Average selling price per premium garage door...

Answered: 1 week ago

Question

★★★★★
=+4. If there appears to be a relationship between age and flexibility, fit a model that is appropriate for describing the relationship.

Answered: 1 week ago

Question

★★★★★
Suppose you work for a business that runs a fleet of cars the sales personnel use. The fleet consists of 30 Toyota Camry sedans. All the expenses (insurance, registration, fuel, maintenance, and...

Answered: 1 week ago

Question

★★★★★
A company that uses the periodic inventory provides the following information 1. Beginning inventory $15,000 2. Not Purchases \$94,000 At the end of the period, the physical count of inventory...

Answered: 1 week ago

Question

★★★★★
Using project finance reduces exposure to a host government takeover. a. True b. False

Answered: 1 week ago

Question

★★★★★
27. Question 27 The newest recruits of Adventure Works sit eagerly in the training room. As the company's chief data analyst, you're tasked with introducing them to the company's data-driven culture....

Answered: 1 week ago

Question

★★★★★
1. Wembley Marketing Ltd. v. ITEX Corp. , 2008 CanLII 67425 (ON SC) Wembley claimed it did not receive goods and services from ITEX for which it had paid. ITEX argued that the action should not...

Answered: 1 week ago

Question

★★★★★
4.- In a print run of 2500 books, it is estimated that the probability of having a badly bound book is 0.01%. Calculate the probability that the print run has two books with bad bindings. What is the...

Answered: 1 week ago

Question

★★★★★
Why does Barcelona COO Scott require managerial candidates write an essay about their experiences on the stage two "shop?" to determine the candidate's experience working with others to determine the...

Answered: 1 week ago

Question

★★★★★
Number 1 and 2 show all work please ? 1) Based on the graph below estimate the instantaneous velocity at the following times: (a) 1.0 s; (b) 2.5 s; (c) 3.5 s; (d) 4.5 s; (e) 5.0 s; x (m) 15 10 5 0 t...

Answered: 1 week ago

Question

★★★★★
D What is your opinion on Gribbens new edition? Are his editorial changes sensitive and helpful, or is he sanitizing history?

Answered: 1 week ago

Question

★★★★★
Think back to where you grew upwhether in the United States or abroad. Are there any terms that you use that would cause confusion to others who speak your native tongue? Have you ever been in a...

Answered: 1 week ago

Question

★★★★★
Consider the various situations you find yourself in over the course of a given dayat home, in the classroom, at a student activity, on the job, and so on. Do you have different speech repertoires...

Answered: 1 week ago

Previous Question Next Question