Business
Business, 17.07.2019 20:00, mbrisen7420

The cost of inventory that is still on hand is called

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Business, 29.07.2019 16:00, misswonderless
Under the periodic inventory system, a physical inventory is taken to determine the cost of the inventory on hand and the cost of the merchandise sold. a. true b. false
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Business, 01.10.2019 06:00, billgray2571
The inventory records of global company indicate that $76,800 of merchandise should be on hand at the end of the month. the physical inventory indicates that $74,900 is actually on hand. the journal entry to adjust for inventory shrinkage will include a.a debit to inventory for $1,900. b.a debit to cost of goods sold for $1,900. c.a debit to inventory for $74,900. d.none of these choices are correct, since no entry is needed.
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Business, 29.10.2019 19:31, xeskimopie
Freehan company’s accounting records has the following information about its inventory: units unit cost inventory 8,000 $8 jan. 1 17,000 $10 apr. 2 15,000 $12 aug. 28 if the company has 9,000 units on hand at december 31, how much is the cost of ending inventory under the average-cost method in a periodic inventory system?
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