6 The warehouse personnel and accounting department of PowerfulBaggage Store conducted physical count on June 30, 2018. Theresult of the count is as follows:No. of unitsUnit costSherina GoldSherina FuschiaMaridol GrayMaridol WhiteClea PinkClea Dark GreenShiena BlueShiena GoldP 5,0005,8006,4003,10010,0008,5003,9005,2009.76.8.108How much must be presented as merchandise inventory?a. P311,000b. P279,800c. P316,500d. P272,600

Inventory: Goods held for the purpose of sale are known as inventory. It also includes the raw…

Answered: How much must be presented as…

Business

Accounting

How much must be presented as merchandise inventory? P311,000 b. P279,800 c. P316,500 d. P272,600 a.

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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Question

6 The warehouse personnel and accounting department of Powerful
Baggage Store conducted physical count on June 30, 2018. The
result of the count is as follows:
No. of units
Unit cost
Sherina Gold
Sherina Fuschia
Maridol Gray
Maridol White
Clea Pink
Clea Dark Green
Shiena Blue
Shiena Gold
P 5,000
5,800
6,400
3,100
10,000
8,500
3,900
5,200
9.
7
6.
8.
10
8
How much must be presented as merchandise inventory?
a. P311,000
b. P279,800
c. P316,500
d. P272,600

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