QUESTION 1 9 points Save Answer The following information is available for One Company for...
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QUESTION 1 9 points Save Answer The following information is available for One Company for 2018 Freight in $ 50,000 Purchase returns 125.000 Selling expenses 280,000 Ending inventory 310,000 The cost of goods sold is equal to 300% of selling expenses. What is the cost of goods available for sale? TT T Arial 3 (12pt) T.E.E.'s Path: P Words:0 QUESTION 2 10 points Save Answer 1. Gyro Corp, took a physical inventory at the end of the year and determined that $900,000 of goods were on hand. In addition, Gyro Corp, determined that $50,000 of purchases that were in transit that were shipped f.ob. destination point were actually received two days after the inventory count. In addition, Included in the inventory count were $100,000 of consignment goods of Jean Inc. What amount should Gyro Corp.report as inventory at the end of the year? 900,000 950,000 O 800,000 0 1,050.000
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