Coronado Company sells merchandise on account for $6000 to Sandhill Company with credit terms of 1/10,n/30. Sandhill Company returns $1200 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check? ) $4800 $5940 $5752 $4752 A physical count of merchandise inventory on June 30 reveals that there are 310 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for June is 1024. $1651 $902. $1066. Waterway Bookstore had 480 units on hand at January 1 , costing $9 each. Purchases and sales during the month of January were as follows: Waterway does not maintain perpetual inventory records. According to a physical count, 215 units were on hand at January 31 The cost of the inventory at January 31 , under the FIFO method is: A company just starting business made the following four inventory purchases in June. A physical count of merchandise inventory on June 30 reveals that there are 410 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is ) $1866 $757 $889. $1506. Bramble Bookstore had 520 units on hand at January 1 , costing $9 each. Purchases and sales during the month of January were as follows: As a result of a thorough physical inventory, Waterway Company determined that it had inventory worth $320200 at December 31 , 2020. This count did not take into consideration the following facts: Herschel Consignment currently has goods worth $47400 on its sales floor that belong to Waterway but are being sold on consignment by Herschel. The selling price of these goods is $75900. Waterway purchased $21900 of goods that were shipped on December 27, FOB destination, that will be received by Waterway on January 3. Determine the correct amount of inventory that Waterway should report. ) $374200 $320200. $389500 $367600. Bramble does not maintain perpetual inventory records. According to a physical count, 480 units were on hand at January 31. The cost of the inventory at January 31 , under the LIFO method is: $5040. $3840. $4320 5760