Question: pleas make sure to correctly answer the question, please. Thank you During September 2020, Sam Baldwin, Inc., purchased $20,000 worth of inventory from a supplier.

 pleas make sure to correctly answer the question, please. Thank youDuring September 2020, Sam Baldwin, Inc., purchased $20,000 worth of inventory from

pleas make sure to correctly answer the question, please. Thank you

During September 2020, Sam Baldwin, Inc., purchased $20,000 worth of inventory from a supplier. Acme submitted the order on September 23, and the supplier shipped the inventory on September 27. The shipment was delivered to Baldwin on October 2, and Baldwin paid for the inventory on October 11. When should Baldwin recognize the inventory on its balance sheet? (Note: unique circumstances might lead to different answers, but choose the timing of inventory recognition that is typical for purchases such as these) O September 23 O September 27 O October 2 O October 11 D Question 4 2.5 pts Josh Baskin Corp. opened for business in November 2020. During November, Baskin purchased 200 items of inventory for $2.00 each ($400 total cost). During December, Baskin purchased another 200 items for $3.00 each ($600 total cost). In late December, Baskin had its first and only sale of the quarter, 250 items for $5.00 each ($1,250 total revenue). What is Baskin's Cost of Goods Sold for the December sale of 250 items? Baskin uses the FIFO cost flow assumption. (just enter the number, without any commas or a dollar sign) What is Woody Corp.'s Days Inventory Outstanding ratio? (round to the nearest integer) Financial Statements for 2020 Balance Sheet Income Statement Assets Cash Accounts Receivable, Net Inventory Prepaid Rent Equipment, Net Land Total Assets $ $ $ $ $ $ 5 2020 61,000 $ 27,000 $ 22,000 $ 30,000 $ 72,000 $ 30,000 $ 242,000 $ 2019 48,000 23,000 32,000 20,000 80,000 40,000 243,000 Sales Revenue Cost of Goods Sold Wages Expense Rent Expense Bad Debt Expense R&D Expense Depreciation Expense Interest Expense Gain on Sale of Land Income Tax Expense Net Income $ $ $ $ $ $ $ $ $ $ $ 210,000 (125,000) (20,000) (10,000) (2,000) (18,000) (8,000) (4,000) 3,000 (6,000) 20,000 Liabilities and Equity Accounts Payable Wages Payable Income Tax Payable Long-Term Debt Contributed Capital Retained Earnings Total Liabilities and Equity $ $ $ $ $ $ $ 2020 23,000 $ 14,000 $ 5,000 $ 38,000 $ 120,000 $ 42,000 $ 242,000 $ 2019 24,000 17,000 8,000 38,000 120,000 36,000 243,000 O 43 days O 49 days O 73 days O 79 days

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