WebPurchases January 10 500 units @ $60 January 20 1,000 units @ $63 Sales: January 12 800 units January 28 750 units a. Compute the ending inventory and cost of goods sold assuming Denver uses FIFO. b. Compute the ending inventory and cost of goods sold assuming Denver uses LIFO and a perpetual inventory system. WebMar 13, 2024 · Grab Manufacturing Co. purchased a 10-ton draw press at a cost of $182,000 with terms of 2/15, n/45. Payment was made within the discount period. …
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WebDec 24, 2024 · Grab Manufacturing Co. purchased a 10-ton draw press at a cost of $180,000 with terms of 5/15, n/45. Payment was made within the discount period. Shipping - 14276678 http://www.accountingmcqs.com/grab-manufacturing-co-purchased-a-ten-ton-draw-pre-mcq-16043 cif inprex
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WebMar 21, 2024 · The capitalized cost = Purchase price + Shipping Costs + Installation costs ………………….1. so here Purchase price is = $180,000 × ( 100% – 5% ) so that . The … WebGrab Manufacturing Co. purchased a ten-ton draw press at a cost of $180,000 with terms of 5/15, n/45. Payment was made within the discount period. Shipping costs were $4,600, which included $200 for insurance in transit. WebA company purchased land, a building, and equipment for one price of $1,600,000. The estimated fair values of the land, building, and equipment are $200,000, $1,400,000, and $400,000, respectively. At what amount would the company record the land? Multiple Choice $160,000 o $170,000 $200,000 O $1,600,000 On July 1, 2024, Markwell … dharmveer marathi movie watch online free