Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can you pleass answer both! QUESTION 1 Hudey Toy Store has $2.900 of Inventory on hand at the beginning of the month. During the month,

can you pleass answer both!
image text in transcribed
QUESTION 1 Hudey Toy Store has $2.900 of Inventory on hand at the beginning of the month. During the month, the company buys $26.865 of merchandise and sels merchandise that had cost $17,018. At the end of the month $8,517 of inventory is on hand. How much shrinkage occurred during the month? QUESTION 2 Canyon Company sols a product and a 12 month service package for that for a combined price of 8730. Separately, the product and the service set for $350 and 5050, respectively. How much of the combined price should be allocated to the service package

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

Accounting Information Systems

Authors: Vernon Richardson, Chengyee Chang

1st edition

78025494, 978-0078025495

More Books

Students also viewed these Accounting questions

Question

8. What are the disadvantages to being public? (L04)

Answered: 1 week ago