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Question 8 O out of 0.25 points The following information relates to Kate Company Beginning inventory 170 units at $4 each Purchases 430 units at
Question 8 O out of 0.25 points The following information relates to Kate Company Beginning inventory 170 units at $4 each Purchases 430 units at $7 each At the end of the period, Kate had 190 units left in inventory. Kate sold the remaining units for $23 each. What is Kate's cost of goods available for sale? Question 9 O out of 0.25 points At the beginning of Year 3 Randall Company had a $18,600 balance in its accounts receivable account and a X $1,020 balance in allowance for doubtful accounts. During Year 3, Randall experienced the following events. (1) Randall earned $26,900 of revenue on account. (2) Collected $15,130 cash from accounts receivable. (3) Wrote-off $770 of accounts receivable as uncollectible. Randall estimates uncollectible accounts to be 3% of receivables. Based on this information, the December 31, Year 3 the ending balance in the allowance for doubtful accounts account (balance after expense recognition) is $_ Question 10 O out of 0.25 points Warren Enterprises purchased a van for $14,370. The van has a salvage value of $2,070, and an estimated useful life of Xeight years. Warren plans to use the double declining method of depreciation. The book value at the end of year 1 would be $ esday, October 26, 2021 8:36:17 AM CDT
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