Question
Blossom Cosmetics Inc. had a number of transactions during the year relating to the purchase of various inventory items as noted below. For each
Blossom Cosmetics Inc. had a number of transactions during the year relating to the purchase of various inventory items as noted below. For each of the below independent transactions determine what amount should be included in inventory. (a) Your answer has been saved. See score details after the due date. Lipstick products counted in the physical inventory amount to $20,500 which include $1,500 of duty charges for importing the goods and $3,200 of recoverable taxes (i.e. HST). (If an answer is zero, please enter O. Do not leave any fields blank.) (b) (c) Inventory $ 17300 Attempts: 1 of 1 used Makeup kits held on consignment by a retailer with a cost of $11,100 (inclusive of $1,200 of commissions to the retailer). (If an answer is zero, please enter O. Do not leave any fields blank.) Inventory Save for Later $ Attempts: 0 of 1 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above.
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