trwentory costing $1.500 is sold for $2,800 with terms 3/10,n30. If the buyer pays within the discount period, what amount will be reported on the income statement as net sales? Multiple Choice o $1300 52716 $1640 $2.800 Devonshire, Incorporated sold merchandise inventory on account at a price of $6.000 with payment terms of 2/10,n30. The merchandise cost Devonshire $1000, the customer paid for the merchandise 5 days after receiving the invoice how much cash was collected by Devonshire Multiple Choice 56000 5580 O 51000 $900 McQueen, Incorporated buys premium ice cream at a cost of $350 a Qation and sets it for $8.00 a galon Seling, general and administrative expenses are SESS per gallon Which of the following statements is correct? Multiple Choice 22 The ofference between the price and the cost recorded in the count The resence between the celling price and the contrecorded in me gost protection Groote 4 OG ben er 1295

Alphabet Company, which uses the periodic Inventory method, purchases different letters for resale Alphabet had no beginning inventory. It purchased A thru Gin January at 9.00 per letter in February. It purchased thru Lot $1.00 per letter it purchased thru Rin March at $12.00 pet letter. It sold AD. EH. J and Nin October. There were no additional purchases or sales during the remainder of the year, Alphabet Company uses the weighted average method, what is the cost of its ending inventory? (Round the per unit cost to two decimal places and then round your answer to the nearest whole dollar) Me Choice $950 OS 573 Merle Industries had been selling its product for $48 per unit, but recently lowered the selling price to 529 per unit. The company's current inventory consists of 270 units purchased at $44 per unit. The market value of this inventory is currently 527 per unit. At what amount should the company's inventory be reported on the balance sheet 157 Multiple Choice $100 52 0 0.00