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answe all please need help For goods shipped FOB shipping point, the entry made by the seller to record the payment of shipping charges, on
answe all please need help
For goods shipped FOB shipping point, the entry made by the seller to record the payment of shipping charges, on goods shipped, would include (assume the perpetual method is used): Debit to delivery expense Debit to merchandise inventory Debit to cash Credit to merchandise inventory None of the above, the purchaser is responsible for shipping charges in this case. Question 22 At the beginning of the current year, Bennett Supply has inventory of $3,500. During the year, the company sold inventory costing $12,000. An ifventory count at the ond of the year reveals remaining imventory of $4,000. What amount will Bennett report for inventory purchases during the year? $11,000$11,500$12,000$12,500 Beginning inventory and purchases for the month of May are as follows: Table 3 On May 31 it was determined that there were 25 units on hand. Referring to Table 3 , the cost of ending inventory at May 31, using the periodic FIFO method would be: $2,210 $1,630 $1,910 $1,330 Step by Step Solution
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