EXERCISE 9-13 Multiple Choice. Select the correct answer. properly labeled and described. Show supporting computations 1. ABC Company purchased 10,500 pounds of material A at P2.00 per pound and incurred freight cost of P1,050. A cash discount of 2% is granted on payments within. ten(10) days. Freight in is treated as additional cost of materials purchased. What unit cost must be entered in the stock card of Material A assuming that the allowance method is used in accounting for discounts? a. P2.10 b. P1.96 с. Р2.00 e. None of the above; answer is d. P2.058

EXERCISE 9-13 Multiple Choice. Select the correct answer. properly labeled and described. Show supporting computations 1. ABC Company purchased 10,500 pounds of material A at P2.00 per pound and incurred freight cost of P1,050. A cash discount of 2% is granted on payments within. ten(10) days. Freight in is treated as additional cost of materials purchased. What unit cost must be entered in the stock card of Material A assuming that the allowance method is used in accounting for discounts? a. P2.10 b. P1.96 с. Р2.00 e. None of the above; answer is d. P2.058

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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74. Subject :- Accounting
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