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Please help me out by answering them, Ill give you a like too. Question 5 of 10 - / 1 E Whispering Winds Corporation has
Please help me out by answering them, Ill give you a like too.
Question 5 of 10 - / 1 E Whispering Winds Corporation has the following four items in its ending inventory: Estimated Selling Price Estimated Disposal Costs Item Cost Neutrinos $ 1,800 $2,080 $90 Ocillinos 4,900 4,800 90 Electrons 4,200 4,535 190 Protons 3,300 4,310 90 Assume that Whispering Winds is a public company using IFRS. Determine the total value of ending inventory, using the lower of cost and net realizable value model applied on an individual item basis. Item LC and NRV 190 Neutrinos $ Ocillinos $ Electrons $ Protons $ Total $ Question 6 of 10 - 71 III View Policies Current Attempt in Progress Culver Inc. had beginning inventory of $ 22,100 at cost and $ 30,100 at retail. Net purchases were $ 160,000 at cost and $ 207,000 at retail. Net markups were $ 11,000, net markdowns were $7,000, and sales were $ 194,000. Calculate the ending inventory at cost using the retail method. (Round intermediate calculation to 2 decimal places, e.g. 15.21% and the final answer to 0 decimal places, e.g. 5,275.) Ending inventory $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer Question 8 of 10 - / 1 III Ayayai Corporation's retail store and warehouse closed for an entire weekend while the year-end inventory was counted. When the count was finished, the controller gathered all the count books and information from the clerical staff, completed the ending inventory calculations, and prepared the following partial income statement for the general manager for Monday morning: Sales $ 2,748,000 Beginning inventory $ 640,000 Purchases 1,550,000 Total goods available for sale 2,190,000 Less ending inventory 640,000 Cost of goods sold 1,550,000 Gross profit $ 1,198,000 The general manager called the controller into her office after quickly reviewing the preliminary statements. "You've made an error in the inventory," she stated. "My pricing all year has been carefully controlled to provide a gross profit of 36%, and I know the sales are correct." (a) How much should the ending inventory have been? Expected ending inventory $Step by Step Solution
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