Answer:
Direct.
Explanation:
No intermediaries are used to provide goods and services to customers
. Typically seller is the manufacturer or an individual.
Answer:
Multi-purpose credit is the answer
Explanation:
Answer:
$2,600
Explanation:
As we know that the inventory should be recorded at a cost or market value which ever is lower
In the given case,
The cost is
= 200 units ×$16 per unit
= $3,200
And, the market value is
= 200 units × $13 per unit
= $2,600
So as we can see that the lower value is $2,600 and the same is to be reported on the balance sheet
