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and Z on Dec. 31, 20x1 is as follows: Information on Crythena Co.'s inventories of Products X, Y nd Z on Dec. 31, 20x1 is as follows: Y No. of units Purchase cost (per unit) Delivery cost from supplier (per unit) Estimated selling price (per unit) Estimated costs to sell (per unit) 3,700 2,500 1,300 P50 P30 P109 4 68 56 60 250 4 8 75 What amount of inventory is reported in the financial statements? a. 549,900 b. 518,600 c. 504,900 d. 490,800

and Z on Dec. 31, 20x1 is as follows: Information on Crythena Co.'s inventories of Products X, Y nd Z on Dec. 31, 20x1 is as follows: Y No. of units Purchase cost (per unit) Delivery cost from supplier (per unit) Estimated selling price (per unit) Estimated costs to sell (per unit) 3,700 2,500 1,300 P50 P30 P109 4 68 56 60 250 4 8 75 What amount of inventory is reported in the financial statements? a. 549,900 b. 518,600 c. 504,900 d. 490,800

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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and Z on Dec. 31, 20x1 is as follows: Information on Crythena Co.s inventories of Products X y and Z on Dec. 31, 20x1 is as follows: Y No. of units Purchase cost (per unit) Delivery cost from supplier (per unit) Estimated selling price (per unit) Estimated costs to sell (per unit) 3,700 2,500 1,300 P50 P30 P109 4 68 56 60 250 4 8 75 What amount of inventory is reported in the financial statements? a. 549,900 b. 518,600 c. 504,900 d. 490,800
Transcribed Image Text:and Z on Dec. 31, 20x1 is as follows: Information on Crythena Co.s inventories of Products X y and Z on Dec. 31, 20x1 is as follows: Y No. of units Purchase cost (per unit) Delivery cost from supplier (per unit) Estimated selling price (per unit) Estimated costs to sell (per unit) 3,700 2,500 1,300 P50 P30 P109 4 68 56 60 250 4 8 75 What amount of inventory is reported in the financial statements? a. 549,900 b. 518,600 c. 504,900 d. 490,800
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