Question
BlossomCompany owns the following assets at the balance sheet date: Cash in banksavings account $6,500 Cash on hand 940 Cash refund due from the Canada
BlossomCompany owns the following assets at the balance sheet date:
Cash in banksavings account
$6,500
Cash on hand
940
Cash refund due from the Canada Revenue Agency
900
Cash in bankchequing account
12,000
Stale-dated cheques from customers
250
Postdated cheques from customers
500
60-day treasury bill
3,500
What amount should be reported as cash and cash equivalents in the balance sheet?
Cash and cash equivalents:
You are given the following information forSunlandCompany for the month ended November 30, 2021:
Date Description Units Unit Price
Nov. 1 Beginning inventory 56 $50
9 Purchase 110 44
15 Sale (120)
22 Purchase 150 43
29 Sale (160)
30 Purchase 46 41
SunlandCompany uses a perpetual inventory system. All sales and purchases are on account.
Calculate the cost of goods sold and the ending inventory using weighted average.(Round the weighted average cost per unit to two decimal places, e.g. 5.27 and final answers to 2 decimal places, e.g. 5,275.75.)
Cost of goods sold$
Ending inventory$
I got the answer 12356.4 for COGS and 3618.66 for ending inventory but it was wrong and i dont know why
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