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You are given the following information: Purchase : RM281,750, Purchase Discount: RM4,410, Freight in: RM14,700, Purchase Return: RM61,250, Beginning Inventory: RM 12,520, Cost of Goods
You are given the following information: Purchase : RM281,750, Purchase Discount: RM4,410, Freight in: RM14,700, Purchase Return: RM61,250, Beginning Inventory: RM 12,520, Cost of Goods Sold: RM200,000. Ending Inventory: ?. Required: Calculate the ending inventory O RM37.090 O RM43,310 O RM30,790 O RM43,130 The following accounts can influence the merchandising company if an organization wanted to increase its Gross Profit EXCEPT - O Sales discount O Cost of goods sold Salary expense O Purchase discount An inventory that keeps a running computerized record of merchandised inventory is called: O periodic inventory system Operpetual inventory system O merchandise inventory system O computerized inventory system Which of the following is not recorded at the time of sales in a perpetual inventory system O Sales revenue O Cost of goods sold O Cash or accounts payable O Cash or accounts receivable
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