Question: Burty Crouch Jr Co started 2021 with $87.000 of polyjoke potion Inventory. During 2021, $525.000 in polyjuice potion was purchased on account will credit terms

Burty Crouch Jr Co started 2021 with $87.000 of polyjoke potion Inventory. During 2021, $525.000 in polyjuice potion was purchased on account will credit terms of 2/15,6/45 All discounts were taken Barty Crouch Jr Copale freight charges of $6.500 Polyule potion with an involce amount of $9,000 was returned for credit Cost of goods sold for the year was $368,000. Barty Crouch 3r Coutes a perpetual rentory system, records purchases using the gross method, and all purchase were made to Shipping point Wiat should Barty Crouch Jr Co. teport for ending Inventory? SY Numeric Response

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!

Barty Crouch Jr Co. started 2021 with $87,000 of polyjuice potion inventory. During 2021, $515,000 in polyjuice potion was purchased on account with credit terms of 1/15, n/45. All discounts were...

Barty Crouch Jr Co. started 2021 with $83,000 of polyjuice potion inventory. During 2021, $550,000 in polyjuice potion was purchased on account with credit terms of 3/15, n/45. All discounts were...

Barty Crouch Jr Co. started 2021 with $90,000 of polyjuice potion inventory. During 2021, $572,000 in polyjuice potion was purchased on account with credit terms of 4/15, n/45. All discounts were...

You are currently a Senior Manager at a small CPA firm (the firm). You have been a senior manager for a while and have started building your book of business in order to make partner. You were...

2. Calculate a December 31, 2001 Hershey value of operations and value per share using the data provided in the Hershey case exhibits. Use 7.59% for the WACC. For the terminal value, use a 4% free...

. Gray Co. has the following General Ledger accounts: Common Stock, Equipment, Inventory, Note Payable. and Cash. Label the \"T" accounts using these account names. . Put Dr and Cr Labels at the top...

On February 14, 1999, Garry O. Hickman opened a pack of Big Red gum, which is manufactured by Wrigley. Mr. Hickman purchased the gum at a grocery store on the evening of February 13, 1999. Mr....

please use data above and help to solve questions for the last backgraund case requirement questions China and Japan in Iron Ore Negotiation 1. Introduction At the international iron ore market, the...

The car rental business was affected by general economic conditions and more particularly by conditions in the travel industry, especially airline traffic. There was a high correlation between...

The data file contains actual cost and output data for TVA non-hydroelectric plants in 2003. Use this data file to run a linear regression as specified below. Have the computer program plot the...

Assume you were asked to be an expert witness in this class. Assume you were asked to testify whether the journal entries recording fake revenues were fraudulent. Whether the journal entries that...

Find the limit of the sequence an = ( cosn ) 6 n .

a) Designate an identity to the warehouse system above and explain why you have chosen this identity. b) Select and explain the stages where the following evaluations would take place. Economic Order...

2. Find five metaphors for communication.

5. Starting with a motive you may have for acting the way you do in a particular situation: a) What purpose did you seek to achieve? b) Which aspects of your past and your surroundings influenced...

3. (Constructing a metaphor about something can be done by comparing it to something else by using the word is. For instance, Communication is a bridge between people.