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

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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
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ABC Corp purchased goods on account from XYZ Corp for P10,000. Terms: 10%, 2/10, n/30 FOB Shipping point. Freight is P200, freight prepaid. If ABC uses the net method, the amount of inventory to be debited is: 10,000 X 10% X 2% 10,000 X 10% X 2% plus 200 10,000 X 90% X 98% 10,000 X 90% X 98% plus 200
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