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please help with accounting 1. On July 1, BerriesRUs agreed to supply 500 units of inventory for $1,500 on credit terms of 4/10, n/30. The
please help with accounting
1. On July 1, BerriesRUs agreed to supply 500 units of inventory for $1,500 on credit terms of 4/10, n/30. The cases will be shipped FOB shipping point. You paid the transportation charges of $200 immediately in cash. You paid the entire amount due to BerriesRUs on July 8. 2. Protein Shack supplied 180 units of inventory on July 8 for $900 on credit terms of 2/10, n/30. The goods were shipped FOB destination. You paid the amount due on July 23. 3. On July 9, JuiceARama shipped 200 units of inventory at a cost of $1,200 with credit terms of n/45, FOB destination. This amount remains unpaid at the end of the month. What was the total cost of the inventory purchase from BerriesRUs? How many units were purchased? What is the cost per unit of the inventory purchased from BerriesRUs? What was the total cost of the inventory purchased from Protein Shack? How many units were purchased? What is the cost per unit of the inventory purchased from Protein Shack? What was the total cost of Inventory purchased from JuiceARama? How many units were purchased? What is the cost per unit of the inventory purchased from JuiceARama? 1.Calculate the Inventory Turnover Ratio. 2.Calculate the number of days of sales in inventory. The industry average for the inventory turnover ratio is 19 times. Your company is performing than the industry Step by Step Solution
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