omputational. From the following information, determine the amount of ending inventory. Beginning Inventory - P20,000 Purchases - 41,000 Purchase Returns and Allowances - 3,000 Purchase Discounts - 4,000 Freight-In – 10% of gross purchases Cost of Goods Available for Sale - 55,000 Cost of Goods Sold - 22,500
omputational. From the following information, determine the amount of ending inventory. Beginning Inventory - P20,000 Purchases - 41,000 Purchase Returns and Allowances - 3,000 Purchase Discounts - 4,000 Freight-In – 10% of gross purchases Cost of Goods Available for Sale - 55,000 Cost of Goods Sold - 22,500
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter6: Inventories
Section: Chapter Questions
Problem 4BE: Beginning inventory, purchases, and sales for WCS12 are as follows: Assuming a perpetual inventory...
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Computational. From the following information, determine the amount of ending inventory.
Beginning Inventory - P20,000
Purchases - 41,000
Purchase Returns and Allowances - 3,000
Purchase Discounts - 4,000
Freight-In – 10% of gross purchases
Cost of Goods Available for Sale - 55,000
Cost of Goods Sold - 22,500
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