Business, 26.08.2020 17:01 sierravick123owr441
According to the Ending Inventory Report, how would you calculate the cost of Sales? Ending Inventory Report Administrative Salaries $ 100,000Amortization Expense $ 20,000 Beginning Inventory $ 75,000 Ending Inventory $ 60,000Office Supplies Expense $ 25,000 Purchases $ 125,000Travel & Entertainment Expense $ 5,000 A) 575,000 + 125,000 - 560,000 B) 5125,000 - 520,000 C) 575,000 + 125,000 - 560,000 + 520,000 D) 575,000 - 560,000 E) 575,000 + 125,000 - 560,000 - 520,000
Answers: 2
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As a result of a thorough physical inventory, waterway company determined that it had inventory worth $320200 at december 31, 2020. this count did not take into consideration the following facts: walker consignment currently has goods worth $47400 on its sales floor that belong to waterway but are being sold on consignment by walker. the selling price of these goods is $75900. waterway purchased $21900 of goods that were shipped on december 27, fob destination, that will be received by waterway on january 3. determine the correct amount of inventory that waterway should report.
Answers: 2
According to the Ending Inventory Report, how would you calculate the cost of Sales? Ending Inventor...
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