The cash paid for inventory. soulation: Calculate the purchased inventory. Cost of goods sold is $314,000. Inventory at the end of the year is $85,800. Inventory at the beginning of the year is $95,800. Calculation: The table below shows the purchased inventory. Particulars Amount ($) Cost of goods sold 314,000 Add: Ending inventory 85,800 Less: Opening inventory 95,800 Purchases 304,000 Table 1 The table below shows the cash paid for inventory. Particulars Amount ($) Accounts payable as on 2014 21,000 Add: Purchase 304,000 Less: Accounts payable 15,000 Cash paid to acquire inventory as on 2015 310,000 Table 2 Conclusion: Hence, the cash paid for inventory is $310,000.

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Answer 1

Question

Chapter 12, Problem 15QS

1.

To determine

The cash paid for inventory.

soulation:

Calculate the purchased inventory.

Cost of goods sold is $314,000.

Inventory at the end of the year is $85,800.

Inventory at the beginning of the year is $95,800.

Calculation:

The table below shows the purchased inventory.

Particulars Amount ($)

Cost of goods sold 314,000

Add: Ending inventory 85,800

Less: Opening inventory 95,800

Purchases 304,000

Table 1

The table below shows the cash paid for inventory.

Particulars Amount ($)

Accounts payable as on 2014 21,000

Add: Purchase 304,000

Less: Accounts payable 15,000

Cash paid to acquire inventory as on 2015 310,000

Table 2

Conclusion:

Hence, the cash paid for inventory is $310,000.

2.

To determine

The cash paid for other expenses.

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Question

Chapter 12, Problem 15QS

1.

To determine

The cash paid for inventory.

soulation:

Calculate the purchased inventory.

Cost of goods sold is $314,000.

Inventory at the end of the year is $85,800.

Inventory at the beginning of the year is $95,800.

Calculation:

The table below shows the purchased inventory.

Particulars Amount ($)

Cost of goods sold 314,000

Add: Ending inventory 85,800

Less: Opening inventory 95,800

Purchases 304,000

Table 1

The table below shows the cash paid for inventory.

Particulars Amount ($)

Accounts payable as on 2014 21,000

Add: Purchase 304,000

Less: Accounts payable 15,000

Cash paid to acquire inventory as on 2015 310,000

Table 2

Conclusion:

Hence, the cash paid for inventory is $310,000.

2.

To determine

The cash paid for other expenses.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 12, Problem 15QS

1.

To determine

The cash paid for inventory.

soulation:

Calculate the purchased inventory.

Cost of goods sold is $314,000.

Inventory at the end of the year is $85,800.

Inventory at the beginning of the year is $95,800.

Calculation:

The table below shows the purchased inventory.

Particulars Amount ($)

Cost of goods sold 314,000

Add: Ending inventory 85,800

Less: Opening inventory 95,800

Purchases 304,000

Table 1

The table below shows the cash paid for inventory.

Particulars Amount ($)

Accounts payable as on 2014 21,000

Add: Purchase 304,000

Less: Accounts payable 15,000

Cash paid to acquire inventory as on 2015 310,000

Table 2

Conclusion:

Hence, the cash paid for inventory is $310,000.

2.

To determine

The cash paid for other expenses.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 12, Problem 15QS

1.

To determine

The cash paid for inventory.

soulation:

Calculate the purchased inventory.

Cost of goods sold is $314,000.

Inventory at the end of the year is $85,800.

Inventory at the beginning of the year is $95,800.

Calculation:

The table below shows the purchased inventory.

Particulars Amount ($)

Cost of goods sold 314,000

Add: Ending inventory 85,800

Less: Opening inventory 95,800

Purchases 304,000

Table 1

The table below shows the cash paid for inventory.

Particulars Amount ($)

Accounts payable as on 2014 21,000

Add: Purchase 304,000

Less: Accounts payable 15,000

Cash paid to acquire inventory as on 2015 310,000

Table 2

Conclusion:

Hence, the cash paid for inventory is $310,000.

2.

To determine

The cash paid for other expenses.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 12, Problem 15QS

1.

To determine

The cash paid for inventory.

soulation:

Calculate the purchased inventory.

Cost of goods sold is $314,000.

Inventory at the end of the year is $85,800.

Inventory at the beginning of the year is $95,800.

Calculation:

The table below shows the purchased inventory.

Particulars Amount ($)

Cost of goods sold 314,000

Add: Ending inventory 85,800

Less: Opening inventory 95,800

Purchases 304,000

Table 1

The table below shows the cash paid for inventory.

Particulars Amount ($)

Accounts payable as on 2014 21,000

Add: Purchase 304,000

Less: Accounts payable 15,000

Cash paid to acquire inventory as on 2015 310,000

Table 2

Conclusion:

Hence, the cash paid for inventory is $310,000.

2.

To determine

The cash paid for other expenses.

Answer 6

Chapter 12, Problem 15QS

1.

To determine

The cash paid for inventory.

soulation:

Calculate the purchased inventory.

Cost of goods sold is $314,000.

Inventory at the end of the year is $85,800.

Inventory at the beginning of the year is $95,800.

Calculation:

The table below shows the purchased inventory.

Particulars Amount ($)

Cost of goods sold 314,000

Add: Ending inventory 85,800

Less: Opening inventory 95,800

Purchases 304,000

Table 1

The table below shows the cash paid for inventory.

Particulars Amount ($)

Accounts payable as on 2014 21,000

Add: Purchase 304,000

Less: Accounts payable 15,000

Cash paid to acquire inventory as on 2015 310,000

Table 2

Conclusion:

Hence, the cash paid for inventory is $310,000.

Answer 7

Chapter 12, Problem 15QS

1.

To determine

The cash paid for inventory.

soulation:

Calculate the purchased inventory.

Cost of goods sold is $314,000.

Inventory at the end of the year is $85,800.

Inventory at the beginning of the year is $95,800.

Calculation:

The table below shows the purchased inventory.

Particulars Amount ($)

Cost of goods sold 314,000

Add: Ending inventory 85,800

Less: Opening inventory 95,800

Purchases 304,000

Table 1

The table below shows the cash paid for inventory.

Particulars Amount ($)

Accounts payable as on 2014 21,000

Add: Purchase 304,000

Less: Accounts payable 15,000

Cash paid to acquire inventory as on 2015 310,000

Table 2

Conclusion:

Hence, the cash paid for inventory is $310,000.

Answer 8

2.

To determine

The cash paid for other expenses.

Answer 9

2.

To determine

The cash paid for other expenses.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 12 - Prob. 1MCQ Ch. 12 - Prob. 2MCQ Ch. 12 - Prob. 3MCQ Ch. 12 - Prob. 4MCQ Ch. 12 - Prob. 5MCQ Ch. 12 - Prob. 1DQ Ch. 12 - Prob. 2DQ Ch. 12 - Prob. 3DQ Ch. 12 - Prob. 4DQ Ch. 12 - Prob. 5DQ

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The cash paid for other expenses.

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Chapter 12 Solutions

Particulars	Amount ($)
Cost of goods sold	314,000
Add: Ending inventory	85,800
Less: Opening inventory	95,800
Purchases	304,000

Particulars	Amount ($)
Accounts payable as on 2014	21,000
Add: Purchase	304,000
Less: Accounts payable	15,000
Cash paid to acquire inventory as on 2015	310,000