This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following companies would be more likely to use the specific identification inventory ... (Read 85 times)

Caiter2013

  • Hero Member
  • *****
  • Posts: 607
on: Jul 5, 2018
Which of the following companies would be more likely to use the specific identification inventory costing method?
 a. Gordon's Jewelers
  b. Lowe's
  c. Best Buy
  d. Walmart

Question 2

The Ribbon Company began operations on May 1. The following transactions took place in May:
 
  Purchased 400,000 of merchandise on account.
  Purchased an additional 200,000 of merchandise for cash.
 
  Paid 3,000 cash for freight to deliver the merchandise purchased.
  Paid 25,000 for the store managers' monthly salaries.
 
  The cost of the inventory purchased for the month of May equals ________.
  A) 400,000
  B) 600,000
  C) 603,000
  D) 628,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

xiaomengxian

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

C


Caiter2013

  • Member
  • Posts: 607
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

irishcancer18

  • Member
  • Posts: 310
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

A single crossover inserts F at a specific locus, which then determines the order of gene transfer A single crossover inserts F at a specific locus, which then determines the order of gene transfer
Caleb Goodwin, Inventory of Slaves and Livestock. Caleb Goodwin, Inventory of Slaves and Livestock.
Specific transport processes Specific transport processes
Experimental identification of “coupling sites" Experimental identification of “coupling sites"
Age-Specific Fertility Rates Age-Specific Fertility Rates
Colour identification Garde 1 Reading Colour identification Garde 1 Reading
Video: Phlebotomy

For a complete list of videos, visit our video library