33. Jessica Pearson Inc. is a wholesaler of office supplies. The activity for Model V calculators during August is shown below: Date Balance/Transaction Units Cost Aug. 1 Inventory 2,000 P36.00 Purchase 3,000 37.20 7 12 Sales 3,600 21 Purchase 4,800 38.00 22 3,800 Sales Purchase 29 1,600 38.60 If Jessica Pearson Inc. uses perpetual inventory records and that said records are kept in units only, the ending inventory of Model V calculators using average method at August 31, is reported as a $150,080 b. 152,264 c. P150,160 d. 146,400
33. Jessica Pearson Inc. is a wholesaler of office supplies. The activity for Model V calculators during August is shown below: Date Balance/Transaction Units Cost Aug. 1 Inventory 2,000 P36.00 Purchase 3,000 37.20 7 12 Sales 3,600 21 Purchase 4,800 38.00 22 3,800 Sales Purchase 29 1,600 38.60 If Jessica Pearson Inc. uses perpetual inventory records and that said records are kept in units only, the ending inventory of Model V calculators using average method at August 31, is reported as a $150,080 b. 152,264 c. P150,160 d. 146,400
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter10: Cash Receipts And Cash Payments
Section: Chapter Questions
Problem 2PA: Preston Company sells candy wholesale, primarily to vending machine operators. Terms of sales on...
Related questions
Topic Video
Question
![33. Jessica Pearson Inc. is a wholesaler of office supplies. The activity for Model V calculators during August is shown below:
Date
Balance/Transaction
Units
Cost
Aug. 1
Inventory
2,000
P36.00
7
Purchase
3,000
37.20
12
Sales
3,600
21
Purchase
4,800
38.00
22
3,800
Sales
Purchase
29
1,600
38.60
If Jessica Pearson Inc. uses perpetual inventory records and that said records are kept in units only, the ending inventory of
Model V calculators using average method at August 31, is reported as
a. P150,080
b. 152,264
c. P150,160
d. 146,400](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd8cefee3-d364-4f89-9971-3500961a280c%2Fb5eefbe7-e6ae-4ead-8d9a-4c8b3388d332%2Fae08ks5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:33. Jessica Pearson Inc. is a wholesaler of office supplies. The activity for Model V calculators during August is shown below:
Date
Balance/Transaction
Units
Cost
Aug. 1
Inventory
2,000
P36.00
7
Purchase
3,000
37.20
12
Sales
3,600
21
Purchase
4,800
38.00
22
3,800
Sales
Purchase
29
1,600
38.60
If Jessica Pearson Inc. uses perpetual inventory records and that said records are kept in units only, the ending inventory of
Model V calculators using average method at August 31, is reported as
a. P150,080
b. 152,264
c. P150,160
d. 146,400
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![College Accounting (Book Only): A Career Approach](https://www.bartleby.com/isbn_cover_images/9781337280570/9781337280570_smallCoverImage.gif)
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
![Financial Accounting: The Impact on Decision Make…](https://www.bartleby.com/isbn_cover_images/9781305654174/9781305654174_smallCoverImage.gif)
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
![College Accounting (Book Only): A Career Approach](https://www.bartleby.com/isbn_cover_images/9781305084087/9781305084087_smallCoverImage.gif)
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781305084087
Author:
Cathy J. Scott
Publisher:
Cengage Learning
![College Accounting (Book Only): A Career Approach](https://www.bartleby.com/isbn_cover_images/9781337280570/9781337280570_smallCoverImage.gif)
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
![Financial Accounting: The Impact on Decision Make…](https://www.bartleby.com/isbn_cover_images/9781305654174/9781305654174_smallCoverImage.gif)
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
![College Accounting (Book Only): A Career Approach](https://www.bartleby.com/isbn_cover_images/9781305084087/9781305084087_smallCoverImage.gif)
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781305084087
Author:
Cathy J. Scott
Publisher:
Cengage Learning
![Financial Accounting](https://www.bartleby.com/isbn_cover_images/9781337272124/9781337272124_smallCoverImage.gif)
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
![Cornerstones of Financial Accounting](https://www.bartleby.com/isbn_cover_images/9781337690881/9781337690881_smallCoverImage.gif)
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
![Intermediate Accounting: Reporting And Analysis](https://www.bartleby.com/isbn_cover_images/9781337788281/9781337788281_smallCoverImage.jpg)
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning