Inventory information for Missoula Merchandising, Inc. is ...

[crazycityslicker]

Inventory information for Missoula Merchandising, Inc. is provided below. Sales for the period were 2,800 units for 8 each. The company uses a weighted average periodic inventory system.
 
  Date Number of Units Unit Cost Total Cost
  January 1 Beginning inventory 1,000 2.20 2,200
  January Purchase 600 3.50 2,100
  February Purchase 800 4.00 3,200
  March Purchase 1,200 4.25 5,100
   Totals 3,600 12,600
 
  Determine the ending inventory at March 31.
  A) 2,300
  B) 3,300
  C) 9,800
  D) 2,800

Question 2

Accompanying the bank statement was a debit memo for an NSF check received from a customer. This itemwould be included on the bank reconciliation as a(n)
 a. deduction from the balance per company's records
  b. addition to the balance per bank statement
  c. deduction from the balance per bank statement
  d. addition to the balance per company's records

[connor417]

Answer to Question 1

D

Answer to Question 2

a

[crazycityslicker]

Thank you

[connor417]

No problemo