Question
The records of Nuisance Co. show the following information Inventory Beg36,000 Purchases320,000 Purchase Discounts 3,000 Freight In18,000 Sales454,000 Sales Return2,000 Ending inventory at sales price
The records of Nuisance Co. show the following information
Inventory Beg36,000
Purchases320,000
Purchase Discounts 3,000
Freight In18,000
Sales454,000
Sales Return2,000
Ending inventory at sales price is $78,000
How much is the ending inventory at cost?
a. 54,600
b. 56400
c. 55,800
d.58,500
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Managerial Accounting For Dummies
Authors: Mark P Holtzman, Karen Schoenebeck
1st Edition
1118116429, 978-1118116425
