Question: Assume a Watercrest Sports outlet store began October 2020 with 47 pairs of water skis that cost the store $38 each. The sale price of these water skis was $67. During October, the store completed these inventory transactions: 1. Assume a Watercrest Sports outlet store began October 2020 with 47 pairs of water skis that cost the store $38 each. The sale price of these water skis was $67. During October, the store completed these inventory transactions: I did the cost of golds sold part and got $3,546 but didn't understand the rest of, Sales [(47 units x $67)+(44 units x $68)] Please help explain! 2. What is the cost of the store’s October 31 inventory of water skis? 3. Assume that ending inventory declined by $200. What value would the company report as inventory on the balance sheet? Include in your answer why it chose that value. How would it account for this difference?
Question: Assume a Watercrest Sports outlet store began October 2020 with 47 pairs of water skis that cost the store $38 each. The sale price of these water skis was $67. During October, the store completed these inventory transactions:
1. Assume a Watercrest Sports outlet store began October 2020 with 47 pairs of water skis that cost the store $38 each. The sale price of these water skis was $67. During October, the store completed these inventory transactions:
I did the cost of golds sold part and got $3,546 but didn't understand the rest of,
Sales [(47 units x $67)+(44 units x $68)] Please help explain!
2. What is the cost of the store’s October 31 inventory of water skis?
3. Assume that ending inventory declined by $200. What value would the company report as inventory on the
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