Thompson firm updates its inventory records perpetually. The company"s records verified a beginning inventory that $600, price of goods sold that $1,400, and ending list of $800. How much inventory was purchased during the year?


You are watching: The accounts receivable account for each customer is called a subsidiary account.

Delta Diamonds offers a regular inventory system. The firm had five one-carat diamonds easily accessible for revenue this year: one was purchased top top June 1 because that $500, two were purchased on July 9 for $550 each, and two to be purchased on September 23 because that $600 each. ~ above December 24, the sold among the diamonds the was purchase on July 9. Making use of the particular identification method, its finishing inventory (after the December 24 sale) equals:
King Costume provides a routine inventory system. The company started the month v 8 masks in its start inventory that expense $10 each. During the month, King Costume to buy 40 extr masks because that $12 each. In ~ the end of the month, King counted its inventory and found that 5 masks remained unsold. Utilizing the LIFO method, its price of items sold because that the month is:
A company had been selling its product for $20 every unit, however recently lowered the marketing price come $15 every unit. The company"s present inventory consists of 200 systems purchased in ~ $16 per unit. The industry value of this perform is at this time $13 per unit. In ~ what amount have to the company"s list be reported on the balance sheet?
Thompson agency updates its inventory documents perpetually. The company"s records proved a beginning inventory of $14,000; expense of items sold of $22,000; and ending list of $16,000. Exactly how much inventory was purchased during the year?
Acme, Inc. Had price of products sold that $2,500. If start inventory to be $2,600 and ending inventory was $750, Acme"s purchase must have been
Coachlight Inc. Has actually a periodic inventory system. The agency purchased 205 systems of inventory in ~ $9.50 per unit and also 310 devices at $10.50 per unit. What is the weighted mean unit expense for this purchases that inventory?
A company had been marketing its product because that $24 every unit, however recently lower the selling price to $17 every unit. The company"s existing inventory is composed of 210 systems purchased at $20 every unit. The sector value the this inventory is right now $ $15 every unit. At what amount need to the company"s inventory be report on the balance sheet?
True or False: The allowance method for uncollectible accounts is offered for account receivable, yet not because that notes receivable


*



See more: Video: This Is How Far Away Can You See The Burj Khalifa ? 10 Fun Facts About The Burj Khalifa

*