March 28, 2017

Post a New Question

Posted by on .

identify assumptions and concepts and correct entries.

The company used the average cost formula to determine that the cost of merchandise inventory at december 31 was $65,000. on December 31, it would have cost $80,000 to replace the merchandise inventory, so the following entry was made:
Merchandise Inventory (DR.) $15,000
Gain on Inventory (CR.) $15,000

  • accounting - ,

    Please try your later post, which I saw first.


  • accounting - ,

    Thank u Sra^_^

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions

Post a New Question