Question: can you help me answer these questions When the inventory of merchandise can be determind only by a detailed count of the items on hand

can you help me answer these questions

  1. When the inventory of merchandise can be determind only by a detailed count of the items on hand the system is called?
  2. Would a perpetual inventory system normally be practical for the follow types of businesses without a computerized system. The two businesses are a retail jewelry store and a retail clothing store.
  3. The subsidiary ledger containing a perpetual record of each type of merchandise available for sale is called?
  4. if the cost of an item is $55 and the current replacement cost is $50 and the selling price is $95 the amount included in inventory according to the lower of cost or market concept is?
  5. merchandise in transit should be included in the sellers inventory if the terms are FOB?
  6. in recording the cost of merchandise sold for cash, based on data available from perpetual inventory records the account credited is?
  7. the inventory method that considers the inventory to be composed of the units of merchandise acquires earliest is called?
  8. the method that is useful for estimating the cost of inventory that has been destroyed is?
  9. during a period of consistently falling prices the method FIFO or LIFO that will result in reporting the greater cost of merchandise sold is?
  10. inventory turnover of 36 means the inventory turns over every ____ days
  11. damanged merchandise that can only be sold at below cost should be valued at?
  12. on the last day of the current year, a manufacturer delivers merchandise to a retailed on consignment the unsold consigned merchandise would be included in the inventory of the?

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