Question
Better Buy has 88 CD players in inventory on December 31. The players were purchased in November for $ 150$150. The price lists from thecompany's
Better Buy has
88
CD players in inventory on December 31. The players were purchased in November for
$ 150$150.
The price lists from thecompany's supplier indicate that the same CD player would now cost the company
$155155.
What would be the amount reported as Ending Merchandise Inventory on the balance sheet?
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Auditing Information Systems
Authors: Jack J. Champlain
2nd Edition
0471281174, 978-0471281177
