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Delta Entity has a beginning balance of P260,000. During the period they made a total purchase of P1,500,000. Delta Entity paid transportation costs of P75,000
Delta Entity has a beginning balance of P260,000. During the period they made a total purchase of P1,500,000. Delta Entity paid transportation costs of P75,000 on the purchases. Entity had a total credit sales of P850,000 during the period. If the entity uses periodic inventory system, how much is the balance of inventory prior to physical count? P1,835,000 O P1,750,000 P985,000 O None of the above
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