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Please help 19. Falcon Company reported the following year-end amounts S 30,600 135,000 Beginning Inventory Net Cost of Purchases Ending Inventory Cost of Goods Sold
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19. Falcon Company reported the following year-end amounts S 30,600 135,000 Beginning Inventory Net Cost of Purchases Ending Inventory Cost of Goods Sold 124,200 What is Falcon Company's Ending Inventory for the year? A) B) C) D) S30,600 $19,800 $41,400 $10,800 20. Maryann Company reported the following balances Invoice Cost of Purchases Purchase Returns and Allowances Purchase Discounts Received Transportation Cost (Freight-in) $2,000,000 350,000 50,000 120,000 What is the company's net cost of purchases? ) B) C) D) $1,480,000 $1,720,000 S2,520,000 $1,600,000Step by Step Solution
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