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Srdanovic Co. provides merchandise to Viicinskaite Inc. under consignment. The arrangement specifies that Vilcinskaite will attempt to sell the merchandise, and in return, Srdanovic will

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Srdanovic Co. provides merchandise to Viicinskaite Inc. under consignment. The arrangement specifies that Vilcinskaite will attempt to sell the merchandise, and in return, Srdanovic will pay Vilcinskaite a 15% sales commission on any merchandise sold. During the year. Srdanovic ships inventory with a cost of $100,000 to Vilcinskaite. By the end of the year, 576,000 of the merchandise has been sold to customers for a total of $105.800. What amount of inventory will Srdanovic report at year end? At the end of its first year of operations, Berroa & Brijmohan Pharmaceutical (B&B) reported on allowance for uncollectible accounts of 583,000 on its balance sheet. During the year, B&B wrote off $31600 of accounts receivable it had attempted to collect and failed. A credit agency was hired to punto collection of three accounts totaling $100,000. Credit sales for the year were $2.390,000, and cash collections from credit customers totuled $1,840,000 What bad debt expense would B&B report in its first-year income statement? Inventory for Nieva Chan Beer Distributors shows the following information: March 1, 2021, inventory. 1.050 gallons o $7.30 per gallon = $7,665 Purchases: Mar. 10 Mar. 16 Mar. 23 610 gals @ $7.35 810 gals & $7.40 610 gals & $7.45 Sales: Mar. 5 Mar. 14 Mar. 20 Mar. 26 410 gals 710 gals 510 gals 710 gals Ending inventory assuming LIFO in a periodic inventory system would be

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