s.com/webapps/assessment/take/launch.jsp?course_assessment_id=_83931_1&course_id=_559... Access C Sign in or Sign Up... Blackboard Learn /rbastreams Discover - Card S. Consumer Bankin Remaining Time: 59 minutes, 35 seconds. Question Completion Status: UUTOVE QUESTION 8 The Dunder Mifflin Paper Company's inventory at December 31, 2018, was $325,000 based on a physical count priced at cost, and before any necessary adjustments for the following: Merchandise costing $30,000, shipped t.ob. shipping point from a vendor on December 30, 2018, was received on January 5, 2019 Merchandise costing $22,000, shipped to.b. destination from a vender on December 28, 2018, was received on Merchandise costing $38,000 was shipped to a customer fo.b. destination on December 28, 2018, arrived at the Merchandise costing $12,000 was being held on consignment by Michael Scott Paper Company What amount should Dunder Mifflin Paper Company report as inventory in its December 3, 2018, balance sheet? a. $325,000 b. $405,000 c. $367,000 d. $427.000 QUESTION 9 A company has decided that because its employs a perpetual inventory system, a physical count of inventory at the end of the year is not needed. Which of the following choices most likely identifies a flaw with this decision? Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers F3 F4 F5 F6 F7 F8 F9 F10 s.com/webapps/assessment/take/launch.jsp?course_assessment_id=_83931_1&course_id=_559... Access C Sign in or Sign Up... Blackboard Learn /rbastreams Discover - Card S. Consumer Bankin Remaining Time: 59 minutes, 35 seconds. Question Completion Status: UUTOVE QUESTION 8 The Dunder Mifflin Paper Company's inventory at December 31, 2018, was $325,000 based on a physical count priced at cost, and before any necessary adjustments for the following: Merchandise costing $30,000, shipped t.ob. shipping point from a vendor on December 30, 2018, was received on January 5, 2019 Merchandise costing $22,000, shipped to.b. destination from a vender on December 28, 2018, was received on Merchandise costing $38,000 was shipped to a customer fo.b. destination on December 28, 2018, arrived at the Merchandise costing $12,000 was being held on consignment by Michael Scott Paper Company What amount should Dunder Mifflin Paper Company report as inventory in its December 3, 2018, balance sheet? a. $325,000 b. $405,000 c. $367,000 d. $427.000 QUESTION 9 A company has decided that because its employs a perpetual inventory system, a physical count of inventory at the end of the year is not needed. Which of the following choices most likely identifies a flaw with this decision? Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers F3 F4 F5 F6 F7 F8 F9 F10
