Assume Walmart purchased 60 pairs of gloves at a cost of $3 per pair. Walmart...
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Accounting
Assume Walmart purchased 60 pairs of gloves at a cost of $3 per pair. Walmart sells th gloves for $11 per pair. At the end of the accounting period, Walmart has 12 pairs of the gloves still on the store shelf.
1. The cost of good sold should be:
a. 35 $
b. 132$
c. 144$
d. 180$
e. 528$
2. The dollar amount of Goods available for sale period should be
a. 36$
b. 132$
c. 144$
d.180$
e.528$
3. The balance of the inventory account should be:
a. 36$
b. 132$
c.144$
d. 180$
e. 528$
4. The amount of sales revenue for the period should be:
a. 36$
b. 132$
c. 144$
d. 180$
e. 528$
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