Good Health, LLP, completed the following inventory transactions ...

[kfurse]

Good Health, LLP, completed the following inventory transactions during the month of August:
 
  a. used cash to purchase 620,000 of merchandise
  b. purchased 190,000 of merchandise on account
  c. paid freight costs of 33,000 on merchandise purchased FOB shipping point
  d. returned 12,000 of defective merchandise to the supplier
  e. used cash to purchase 210,000 of merchandise
  f. paid the purchasing manager's monthly salary of 11,000
  g. purchased 45,000 of merchandise on account
  h. paid the sales staff's 22,000 salary for the month
  i. paid freight costs of 9,000 on merchandise purchased FOB shipping point
  j. paid the 17,000 utility bill for the month
 
  Required: Determine the cost of merchandise purchased for the month.

Question 2

Antivirus is a technique to protect one network from another untrusted network.
  Indicate whether the statement is true or false

[kaykay69]

Answer to Question 1

The total cost of the inventory is 1,095,000 =
620,000 + 190,000 + 33,000 - 12,000 + 210,000 + 45,000 + 9,000

Answer to Question 2

F

[kfurse]

YES! Correct, THANKS for helping me on my review

[Alyson.hiatt@yahoo.com]

Excellent