Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1.given the following october 2017 data for the pa

1.Given the following October 2017 data for the Paquette Company: Using the Retail method,...

80.2K

Verified Solution

Question

Accounting

1.Given the following October 2017 data for the Paquette Company: image Using the Retail method, the inventory cost estimate at 10/31/17 is:

Select one:

a. $2,900

b. $2,354

c. $2,278

d. $2,250

e. $3,000

2.Given the following March 2016 data for the Werthmann Company: image The estimated inventory at 3/31/16 is:

Select one:

a. $500

b. $1,200

c. $720

d. $800

e. $320

At Cost $1,000 Beginning Inventory Mark ups Mark-up Cancellations Net Sales Net Purchases At Retail $1,250 $250 $150 $5,000 $6,650 $5,000 Beginning Inventory March Purchases March Sales Revenue Mark-up on Cost $1,100 $900 $1,600 25%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Maintenance of Production Facility A production facility has several 3-D printing machines which need maintenance for two reasons....

Statistics
Q

A veterinary technician was bitten by a neurological horse while assisting the veterinarian on a farm...

Medical Sciences
Q

How to name organic molecule given a structure?

Chemistry
Q

In early January 2010?, you purchased ?$19 comma 000 worth of some? high-grade corporate bonds. The...

Finance
Q

Translate the given statement into logical expressions using predicates quantifiers and logical connectives in two...

Basic Math
Q

the graph of f in the figure to find the following values or state that...

Calculus
Q

O O Sys 2y 24 O2y 2 8 7 4 The stated problem is already...

Algebra
Q

Rewrite the given expression using natural logarithms only log129 log129 Use a calculator to approximate...

Algebra
Q

Mycroft Corp. has a $3,000 par value bond outstanding with a coupon rate of 5...

Accounting
Q

Required information [The following information applies to the questions displayed below.j Simpson, age 45, is...

Accounting
Q

Novak Corp. purchased a boardroom table for $16,000. The company planned to keep it for...

Accounting
Q

Tesla management are trying to decide whether to keep an older piece of machinery or...

Accounting