每日一练F3 答案回复可见 physical, customer, suppliers, following, accounting

小果子

A company with an accounting date of 31 October carried out a physical check of inventory on 4 November 2003,
leading to an inventory value at cost at this date of $483,700.
Between 1 November 2003 and 4 November 2003 the following transactions took place:
(1) Goods costing $38,400 were received from suppliers.
(2) Goods that had cost $14,800 were sold for $20,000.
(3) A customer returned, in good condition, some goods which had been sold to him in October for $600 and which
had cost $400.
(4) The company returned goods that had cost $1,800 in October to the supplier, and received a credit note for them.
What figure should appear in the company’s financial statements at 31 October 2003 for closing inventory, based
on this information?
A $458,700
B $505,900
C $508,700
D $461,500.

 

D
A 483,700 – 38,400 + 14,800 + 400 – 1,800
B 483,700 + 38,400 – 14,800 + 400 – 1,800
C 483,700 + 38,400 – 14,800 – 400 + 1,800
D 483,700 – 38,400 + 14,800 – 400 + 1,800 (Correct)

karenljl

D