in which inventory flow method, the first purchased inventory remains in the warehouse if there is ending inventory? A) Specific Identification Method B) FIFO LIFO D) Average Method E) All of the Choices Which one of the following is the types of merchandising companies? A) Wholesalers and retailers B) Wholesalers and the buyers c) Retailers and buyers D) Wholesalers and the sellers E) Retailers and sellers A company makes a credit sale of S750 on June 13 according to the payment term 2/10, 1/30 se 16, there is a usef Whet med payment is performed in full on June 237 A) $685 B) $650 c) $810 0,0) $700 E) $586 is the cost of purchasing the same goods at the present time from the usual suppliers in the usual quantities A) Furst-in-first-out (FIFO) B) Last-in-first-out (LIFO) Average cost D) Current replacement cost E Lower of Costo-Market 18. soru 5.00 puan Company had $800,000 in gross sales, sales discounts of $12.000, sales returns and allowances of $18,000, cost of foods sold of $380,000, and $275,000 in operating expenses. Gross profit equals A) $115,000 B) $390,000 0 5770,000 D) 5402,000 E) 5500,000 The goods that are held by the client without taking the ownership and sold to the third party for a fee is OA) Consigned goods B) Finished goods Merchandise OD) Supplies DE) Raw materials Which one of the following is an inventory in merchandising companies? OA) Finished goods inventory B) Work-in-process inventory y C) Cost of goods sold OD) Merchandising inventory E) Raw materials XYZ Corporation had reported the following amounts at December 31, 2014 beginning investery 517,000, grout purchases $160,000, purchase Go $3.000 purchase return and allowance $3.000 feet.in $1,000 ending investos: 314,000. Calculate the cost of roodt available for sale A) 5197,700 o B) $102,000 C) 574 100 O D) 569,400 E 5173,000 Which sales accounts normally have a debit balance? A) Export sales. B) Sales revenues OC) Sales discounts D) Domestie sales E) Service revenues