Question: please answer questions: disregard the bubbled answer unless correct/but just please type in right answer all Name: A company in and made the following four

please answer questions: disregard the bubbled answer unless correct/but just please type in right answer

 please answer questions: disregard the bubbled answer unless correct/but just please

all Name: A company in and made the following four inventory purchases June just began business in 150 units 200 units 140 June 200 units June 150 units June June there 250 units on hand. ending inventory on June 30 A physical of merchandise inventory on June 30 count reveals that are the -average of the company uses weightedcost method, the amount S1418 b.s1.47s S1.425 d, $1,400, balance At December 312012 Howell Companys inventory records indicated , 'a of $28,000. Upon further investigation it was determined that this amount included the fooWIVB. in $168,000 inventory purchases made by Howell shipped from the seller 12/27/12 terms FOB destination, but not due to be received until January 2nd $111,000 in goods sold by Howell with terms FOB destination on December 27. The goods are not expected to reach their destination until January 6" $9,000 of goods received on consignment from Westwood Company on is Howells correct ending inventory balance at December 31, 2012? $760,000 b. $919,000 c. $640,000 d. $751,000 $ 825 In hisiness and made the following four inventory purchases in June

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!