AMO Trade Marthas recently hataw The role of vertory over drop and the merchandising the same competition has fred AMD lower the poet Away Won story is now com 31. 2011. nove of Animatory is $80,000 w what the cold for the good, which was 120,00 Before any times the end of period the cost of Goods Bosco hasa banca of 730.000 i Requirements x a. What accounting action should AMC take in this situation? b. Give any journal entry required. c. At what amount should the company report Inventory on the balance sheet? d. At what amount should the company report Cost of Goods Sold on the income statement? e. Discuss the accounting principle or concept that is most relevant to this situation Print Done Requirementa. What accounting action should AMC take in this situation AMC should spy the 10 account for livestors. The rat rewrate med endng motory AMCalco, 00 AM must write theory to tra Requirement. Give Bilstrat the credits. Exclude online from any merry red,et try moved to the clin the court courant average cost method festin, stout method Heteres Date tastin, fint out method De Credit De 31 welcome What should be AMC's actual con AMC must write the inventory AMC should apply the to account for inventories. The net realitzable value of ending inventory Requirement b. Give any bural entry required. Record debts in the credits Excluste explanation from any mentre blank) red. No only required in the first in the 'Acum ardew bato than Requirements Journal Entry Accounts more than Date Debill Crom Requirements. What accouning action should AMC take in this situation AMC Should apply the to account for invers. There we ofending intory W AMC's actual cost. 10 AMC must with the inventory Requirement b. Give a journal entry required and debt fint en credits cuite explanations from any una entries in any questo try oured in a cell to realizaci olume down Juny Hocurement Requirement b. Give any journal entry required. (Record debits first, then credits. Exclude explanations from any Journal entries. If no blank.) Journal Entry Date Accounts Debit Credit Dec 31 Requirement c. At what amount should the company report Inventory on the balance sheet? AMC should report Inventory on the balance sheet at Requirement d. At what amount should the company report Cost of Goods Sold on the income statement? AMC should report Cost of Goods Sold on the income statement at Reauirement e. Discuss the accounting princlole or concept that is most relevant to this situation. Choose from any list or enter any number in the input fields and then continue to the next question AMO Trade Marthas recently hataw The role of vertory over drop and the merchandising the same competition has fred AMD lower the poet Away Won story is now com 31. 2011. nove of Animatory is $80,000 w what the cold for the good, which was 120,00 Before any times the end of period the cost of Goods Bosco hasa banca of 730.000 i Requirements x a. What accounting action should AMC take in this situation? b. Give any journal entry required. c. At what amount should the company report Inventory on the balance sheet? d. At what amount should the company report Cost of Goods Sold on the income statement? e. Discuss the accounting principle or concept that is most relevant to this situation Print Done Requirementa. What accounting action should AMC take in this situation AMC should spy the 10 account for livestors. The rat rewrate med endng motory AMCalco, 00 AM must write theory to tra Requirement. Give Bilstrat the credits. Exclude online from any merry red,et try moved to the clin the court courant average cost method festin, stout method Heteres Date tastin, fint out method De Credit De 31 welcome What should be AMC's actual con AMC must write the inventory AMC should apply the to account for inventories. The net realitzable value of ending inventory Requirement b. Give any bural entry required. Record debts in the credits Excluste explanation from any mentre blank) red. No only required in the first in the 'Acum ardew bato than Requirements Journal Entry Accounts more than Date Debill Crom Requirements. What accouning action should AMC take in this situation AMC Should apply the to account for invers. There we ofending intory W AMC's actual cost. 10 AMC must with the inventory Requirement b. Give a journal entry required and debt fint en credits cuite explanations from any una entries in any questo try oured in a cell to realizaci olume down Juny Hocurement Requirement b. Give any journal entry required. (Record debits first, then credits. Exclude explanations from any Journal entries. If no blank.) Journal Entry Date Accounts Debit Credit Dec 31 Requirement c. At what amount should the company report Inventory on the balance sheet? AMC should report Inventory on the balance sheet at Requirement d. At what amount should the company report Cost of Goods Sold on the income statement? AMC should report Cost of Goods Sold on the income statement at Reauirement e. Discuss the accounting princlole or concept that is most relevant to this situation. Choose from any list or enter any number in the input fields and then continue to the next