Answered step by step
Verified Expert Solution
Question
1 Approved Answer
can you please type it done includeing the fomula on how you got the answer please TB MC Qu. 05-98 (Algo) Misty Mountain Outfitters is
can you please type it done includeing the fomula on how you got the answer please
TB MC Qu. 05-98 (Algo) Misty Mountain Outfitters is a merchandiser... Misty Mountain Outfitters is a merchandiser of specialized fly fishing gear. Its cost of goods sold for Year 2 was $1,838,600, and sales were $2,831,300. The amount of merchandise on hand was $489,000, and total assets amounted to $2,924,200. What is the average number of days to sell inventory? (Round to the nearest day. Do not round your intermediate calculations.) Multiple Choice O O O 63 days 180 days 97 days 61 days TB MC Qu. 05-66 (Algo) Melbourne Company uses the perpetual... Melbourne Company uses the perpetual inventory system and LIFO cost flow method. Melbourne purchased 1,400 units of inventory that cost $8.75 each. At a later date, the company purchased an additional 1,500 units of inventory that cost $9.25 each. If the company sells 1,700 units of inventory, what amount of ending inventory will appear on a balance sheet prepared immediately after the sale? Multiple Choice O $11,100 $10,500 $15,625 $10,800 Taylor Company had beginning inventory of $1,020 and ending inventory of $1,450. Taylor Company had cost of goods sold amounting to $3,020. What is the amount of inventory that was purchased during the period? Multiple Choice O O O $2,430 $4,470 $5,490 $3,450
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started