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?

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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

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