The answer & explanation for this question is given in the attachment below.
Answer:
The cost of goods available for sale is $650,100
Explanation:
Credit terms of 3/15, n/45 means that 3% discount for the payment within 15 days and the full amount to be paid within 45 days.
The discounts Northwest Fur Co. took = $560,000 x 3% = $16,800
Northwest uses a perpetual inventory system and the gross method to record purchases.
Net Purchases = Purchases - Purchase Returns - Purchases Discounts + Freight-In = $560,000 - $4,900 - $16,800 + $8,800 = $547,100
The cost of goods available for sale = Beginning merchandise inventory + Net Purchases = $103,000 + $547,100 = $650,100
Answer:
B. debit Cost of Goods Sold $ 4,500 and credit Finished Goods Inventory $ 4,500
Explanation:
The cost of goods sold will be 4,500 cost of the job 750
We are going to debit the cost of good sold for the amount it cost to make job 750
and credit the finished goods inventory as the amount of goods available for sale decreases.
When we sale we deliver an asset of ours (finished goods) thus, we have to make it decrease.
Answer:
false cause people they alr on the stock market
The system of materials handling called a unit loading is used by Honda in placing its several motorcycles in ""pods"" in order to load them efficiently using forklifts.
<h3>What is an
unit loading?</h3>
This refers to the size of an assemblage into which a number of individual items are combined for ease of storage and handling.
For instance, in the warehouse loading, the pallet load represents a unit load which can be moved easily with a pallet jack, forklift truck and the container load represents a unit for shipping purposes.
Hence, the system of materials handling called a unit loading is used by Honda in placing its several motorcycles in ""pods"" in order to load them efficiently using forklifts.
Read more about unit loading
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