UNIT 1 ACTIVITY 1 Inventory

  1. Merchandise inventory purchases for a firm for a three-month period are: January: 2,000 units @ $12 per unit; February: 1,800 @
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  2. Merchandise inventory purchases for a firm for a three month period are: January :2,000 units @ $12 per unit; February 1,800 @
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  3. Kirtland Corporation uses a periodic inventory system. At the end of the annual accounting period, December 31, the accounting
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  4. Sunset Company uses the periodic inventory method and had the following inventory information available:Units Unit Cost 1/1
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  5. formation about the Maxwell Company's inventory of one item during 2010 is given below.Units Unit Cost Beginning Inventory, Jan
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  6. Pure Plastics Inc. manufacture molded plastic pieces. A sample of their raw material inventory is shown in the table below:Item
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  7. Pure Plastics Inc. manufacture molded plastic pieces. A sample of their raw material inventory is shown in the table below:Item
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  8. Question 7 TGP Inc uses a markup of 35% of Cost on all merchandise it sells. Overhead expenses are 8% of Sales. a) What is the
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  9. Herman Company has three products in its ending inventory. Specific per unit data for each of the products are as follows:Requir
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  10. On January 31, a count of ending inventory was completed, and 7,200 units were on hand. Using the periodic inventory system,
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