MC41 Syvels Trading uses the retail inventory method to estimate inventory. accounting records for the year ended December 31, 2019: The following information was obtained from the At cost: Inventory, January 1 - P617,000; Purchases - P1,281,000; Purchase returns P21,000; Freight-in - P31,000. At retail: P2,158,000; Purchase returns Sales returns - P62,000. - P1,057,000; P35,000; Sales Purchases P2,365,000; Inventory, January 1 How much is the cost of inventory pilferage if the physical count revealed an ending inventory at retail of P780,000?

MC41 Syvels Trading uses the retail inventory method to estimate inventory. accounting records for the year ended December 31, 2019: The following information was obtained from the At cost: Inventory, January 1 - P617,000; Purchases - P1,281,000; Purchase returns P21,000; Freight-in - P31,000. At retail: P2,158,000; Purchase returns Sales returns - P62,000. - P1,057,000; P35,000; Sales Purchases P2,365,000; Inventory, January 1 How much is the cost of inventory pilferage if the physical count revealed an ending inventory at retail of P780,000?

Name: MC41 Syvels Trading uses the retail inventory method to estimateinven
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Description: MC41 Syvels Trading uses the retail inventory method to estimateinventory.accounting records for the year ended December 31, 2019:The following information was obtained from theAt cost: Inventory, January 1 – P617,000; Purchases - P1,281,000;Purchas

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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