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2 years ago

Which of the following items does not result in an adjustment in the merchandiseinventory account under a perpetual system?

Business

1 answer:

pychu [463]2 years ago

3 0

Answer:

c.Payment of freight costs for goods shipped to a customer

Explanation:

In the inventory account management using the perpetual system, whenever there is an event that may result in a change in the carrying value of inventory, the quantity of the change is immediately determined and adjusting entries are posted.

Examples of such events include purchase of merchandise inventory, return of merchandise inventory to the supplier, .Payment of freight costs for goods received from a supplier (this forms part of the cost of inventory).

From the options given, the only entry that will not result in an adjustment to inventory is c.Payment of freight costs for goods shipped to a customer. This will form part of the selling and distribution cost under operating expenses.

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3 years ago

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mojhsa [17]

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2 years ago

Gentry Inc. purchased 90% of Gaspard Farms on January 5, 2019. During 2019, Gentry sold Gaspard Farms for $650,000 goods which h

Wewaii [24]

Answer:

$5572500

Explanation:

consolidated cost of goods sold for 2020 would be:

consolidated cost of goods sold = ( total of goods sold by bought company ) - ( intra-entity transfer ) + ( ending unrealized gross profit ) - ( beginning unrealized gross profit )

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3 years ago

Gantner Company had the following department information about physical units and percentage of completion: Ch21_Q64 If material

Basile [38]

Answer:

200,000 units

Explanation:

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Units added during May is

= 150,000 + 50,000

= 200,000 units.

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The same should be considered and relevant

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2 years ago