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Pharoah Cosmetics Inc had a number of transactions during the year relating to the purchase of various inventory items as noted below. For each of
Pharoah Cosmetics Inc had a number of transactions during the year relating to the purchase of various inventory items as noted below. For each of the below independent transactions determine what amount should be included in inventory. Your answer is correct. Lipstick products counted in the physical inventory amount to $22,000 which include $1,200 of duty charges for importing the goods and $2,900 of recoverable taxes (.e. HST). (If an answer is zero, please enter 0. Do not leave any fields blank.) 19100 Inventory eTextbook and Media Question Part Score 1/1 Your answer is correct. Makeup kits held on consignment by a retailer with a cost of $15,500 (inclusive of $900 of commissions to the retailer). (If an answer is zero, please enter O. Do not leave any fields blank.) $ Inventory 14600 eTextbook and Media Question Part Score 1/1 Your answer is incorrect. Costs of $4,800 to store makeup products in Pharoah Cosmetic's warehouse. (If an answer is zero, please enter 0. Do not leave any fields blank.) $ $ Inventory
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