This topic contains a solution. Click here to go to the answer

Author Question: Good Health, LLP, completed the following inventory transactions during the month of August: a. ... (Read 26 times)

kfurse

  • Hero Member
  • *****
  • Posts: 590
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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kaykay69

  • Sr. Member
  • ****
  • Posts: 322
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

  • Member
  • Posts: 590
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)


sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

For a complete list of videos, visit our video library