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nataly862011 [7]
3 years ago
12

Waterway’s Market recorded the following events involving a recent purchase of merchandise:

Business
1 answer:
xz_007 [3.2K]3 years ago
3 0

Answer:

$73,561

Explanation:

The computation of inventory increased is shown below:-

Inventory increase = (Received goods - Returned goods) × (1 - 0.01) + Freight  charges

= ($75,000 - $1,100) × 0.99 + $400

= $73,900 × 0.99 + $400

= $73,161 + $400

= $73,561

Therefore for computing the increased inventory we have simply applied the above formula.

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Q 6.29: Accurate Auditing is conducting an inventory count for Blake Industries. Blake intermingles empty boxes with full boxes
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