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On December 31, 2017, $670,000 of 6% bonds were issued. The market interest rate at the time of issuance was 8%. The bonds pay interest

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On December 31, 2017, $670,000 of 6% bonds were issued. The market interest rate at the time of issuance was 8%. The bonds pay interest on June 30 and December 31 and mature in 10 years. Required: Compute the selling price of a single $1,000 bond on December 31, 2017 Note: Round all intermediate calculations to three decimal places, and round your final answer to the nearest cent. Selling price of bonds: 0 On December 31, Hall Company had an ending inventory of $75,900 based primarily on a physical count at its warehouse. In computing the final balance of Inventory, the following information was available: (a) Inventory items with a cost of $3,840 were included in ending inventory. These goods were on consignment from Hughes Company and had not yet been sold on December 31. (b) Inventory items with a cost of $3,470 were excluded from ending inventory. These goods were in transit from Hall Company to Cox Company and were sold FOB shipping point. (c) Inventory items with a cost of $3,020 were excluded from ending inventory. These goods were in transit from Morgan Company to Hall Company and were purchased FOB destination Required: Using the information given above, compute the correct final balance of Inventory Correct ending Inventory balance: x 5

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