if a company send the goods for 20% markup to its branch the branch received during january 2024 180,000 goods at billed price when beggining of inventory was 48,000, the branch sold goods which cost 192,000 for 260,000, if there isnt any more transaction, the unrealized gain balance is OA. 6000$ OB. 24,000$ O c. 30,000$ O D. 38,000$

if a company send the goods for 20% markup to its branch the branch received during january 2024 180,000 goods at billed price when beggining of inventory was 48,000, the branch sold goods which cost 192,000 for 260,000, if there isnt any more transaction, the unrealized gain balance is OA. 6000$ OB. 24,000$ O c. 30,000$ O D. 38,000$

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

ACTIVITY 5: Comprehensive Application Jungkook Enterprises made a sale of goods to Namjoon Enterprises on October 1, 2020. The list price of the goods is P150,000, with trade discounts of 4% and 5%, FOB Shipping Point. Credit terms are 5/15, n/30. Cost of the goods is 70% of the invoice price. Freight of P5,000 was paid by Namjoon. Namjoon returned goods with invoice price of P30,000 on October 9, 2020, still with the 70% cost. On October 11, 2020, Namjoon settled his account in full. In separate Excel sheets, record (a) Journal entries in Jungkook Enterprises' books under the periodic method Journal entries in Jungkook Enterprises' books under the perpetual method Journal entries in Namjoon Enterprises' books under the periodic method Journal entries in Namjoon Enterprises' books under the perpetual method
pls answer the following question
The following information is available for November 2018, for Golden Company. Beginning inventory $ 80,000 Purchases 300,000 Purchase return 20,000 Sales 500,000 Sales discount 50,000 Gross profit percentage of sales Using the gross profit method, the estimated ending inventory is: 25% OA. $50,000 OB. $22,500 OC. $30,000 OD. $85,000
first Question answer with option
2021 TRANSACTIONS August 1 Phil Trading purchased merchandise from Webb Inc., P5,000; terms: 2/20, n/30; FOB SP, freight collect. 3 Merchandise was purchased from Heaven Co., P10,000; terms:5-5, 2/10 EOM; FOB destination, freight prepaid; freight cost, P80. Phil Trading paid freight on shipment from Webb Inc., P120. 5 5 Merchandise was sold to Brian Inc., P7,000 cash. 6 Phil Trading paid freight on shipment to Brian Inc., P250. 8 Phil Trading returned P500 defective goods purchased August 1 from Webb Inc. 10 Cash of P1,000 was refunded to Brian Inc., for allowances granted due to defective goods sold. 12 Merchandise with list price of P8,500 was sold to Bambi Co.,; terms: 10-10, 2/10, n/30; FOB SP, freight collect; freight cost of P180. 15 Phil Trading sold merchandise sold to Sulu Co., P12,000; terms: 10 EOM; FOB SP, freight prepaid; freight cost P360. 18 Merchandise was sold to Pan Co., P15,000; terms: 1/15, n/60; FOB destination, freight collect; freight cost P505. 20 Phil Trading…
Please help me
Please provide correct solution
#37 On June 7, 2020, TOTTENHAM Company acquired P3,000,000 inventory, terms 3/10, 2/20, 1/30, n/60. The Company made the following account payments: Assuming that partial payments are eligible for cash discounts, if paid within the relevant discount period, how much total cash was paid during these four payment dates?
8
NEED ANSWER ASAP Q: USING THE BALANCE SHEET PROVIDED, WHAT IS THE AVERAGE FINISHED GOODS INVENTORY? EXPLAIN
Computed the corrected profit for the following year 2021 A.740,000 B. 650,000 c. 630,000 D. 560,000 2022 A. 670,000 B. 650,000 C. 470,000 D. 450,000
(ADDITIONAL INFO) Sales 450,000 1,440,000 2,126,250 Ethel uses the estimated net realizable value method to allocate the joint cost. The cost of product E sold for the year ended July 31, 2021 is: a. 1,470,000 b. 1,440,000 c. 990,000 d. 1,350,000 The cost of ending inventory for product D is: a. 270,000 b. 225,000 c. 180,000 d. 540,000 The gross profit (loss) of product F is: a. 168,750 b. 101,250 c. 1,226,250 d. (483,750)