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Homework: Homework 5 (Ch. 6) Question list Question 3, E6-22A (similar to) HW Score: 66.67%, 2 of 3 points O Points: 0 of 1
Homework: Homework 5 (Ch. 6) Question list Question 3, E6-22A (similar to) HW Score: 66.67%, 2 of 3 points O Points: 0 of 1 Ontario Garden Supplies uses a perpetual invertory system. The company has these account balances at January 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 Question 1 Question 2 O Question 3 Data table Gross proft Ontario Garden Supplies Income Statement (partial) Year Ended January 31, 2018 Beg bal End hal Inventory 13.500 Cost of Goods Sold Sales Revenue 14.500 Bel 75.000 Bal 122.000 More info Save A year ago, the net realizable value of ending inventory was $14,000, which exceeded the cost of $13,500 Ontario has determined that the net realizable value of the January 31, 2018, anding inventory is $10.500
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