Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

can you break down the math please events changes to this answer. Question 28 of 50 Question 28 2 points Save Answer INVENTORY METHODS: Co.

image text in transcribed

image text in transcribed

can you break down the math please

events changes to this answer. Question 28 of 50 Question 28 2 points Save Answer INVENTORY METHODS: Co. F has the following units of beginning inventory and purchases for the year: beginning inventory 100 units at $40 each, a 2/28 Purchase 200 units at $50 each and a 6/15 purchase of 200 units at $60 each and a 12/15 purchase of 100 units at $80 each. Using the LFO method, if the ending inventory is 300 units, what is the cost of the ending inventory? A 14,000 B. 12,000 C. 7,000 D. 6,000 E. None of the above Question 9 BANK RECONCILIATION: In a bank reconciliation if the EFT collection is 10,000, what is the journal entry to record the EFT collection on account? A. Dr. Cash 10,000 Cr. Accounts Receivable 10,000 B Dr. Cash 8,000 Cr. Accounts Payable 8,000 C. Dr. Accounts Payable 8,000 Cr. Cash 8,000 D. No Entry

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Cataldo Cpa II, Cma Cgma A J

2nd Edition

1634929241, 978-1634929240

More Books

Students explore these related Accounting questions