The records of Nuisance Co. show the following information: Inventory, beg. 36,000 Purchases 320,000 Purchase discounts 3,000 Freight-in 18,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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10. The records of Nuisance Co. show the following information:
36,000
Inventory, beg.
Purchases
320,000
Purchase discounts
3,000
Freight-in
18,000
Transcribed Image Text:10. The records of Nuisance Co. show the following information: 36,000 Inventory, beg. Purchases 320,000 Purchase discounts 3,000 Freight-in 18,000
Sales
454,000
Sales returns
2,000
Ending inventory at sales price is P78,000. How much is the
ending inventory at cost?
а. 54,600
с. 55,800
с. 56,400
d. 58,50
Transcribed Image Text:Sales 454,000 Sales returns 2,000 Ending inventory at sales price is P78,000. How much is the ending inventory at cost? а. 54,600 с. 55,800 с. 56,400 d. 58,50
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