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Homework: Chapter 6 - Homework Save Score: 0 of 5 pts 3 of 4 (3 complete) HW Score: 29.76%, 5.95 of 20 pts E6-22A (book/static)
Homework: Chapter 6 - Homework Save Score: 0 of 5 pts 3 of 4 (3 complete) HW Score: 29.76%, 5.95 of 20 pts E6-22A (book/static) Question Help Oak Ridge Garden Supplies uses a perpetual inventory system. The company has these account balances at May 31, 2018, prior to making the year-end adjustments: (Click the icon to view the account balances.) (Click the icon to view additional information.) Read the requirement. More Info Oak Ridge Garden Supplies Income Statement (partial) Year Ended May 31, 2018 A year ago, the net realizable value of ending inventory was $11,500, which exceeded the cost of $10,000. Oak Ridge has determined that the net realizable value of the May 31, 2018, ending inventory is $12,000. Print Done Cost of goods sold Gross profit Inventory at cost Inventory at market (which is lower than FIFO cost) Sales revenue Data Table Inventory Cost of Goods Sold Sales Revenue Beg bal 10,000 End bal 13,000 Bal 71,000 Bal 120,000 Print Done Choose from any list or enter any number in the input fields and then click Check
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