Eleanor Barker Cosmetics ended the month of May with inventory of $25,000. Eleanor Barker expects to end June with inventory of $12,000 after cost of goods sold of $102,000. How much inventory must Eleanor Barker purchase during June in order to accomplish these results?
A. $89,000
B. $114,000
C. $115,000
D. Cannot be determined from the data given
查看答案
Foramerchandisingcompany:
A. thebalancesheetreportsthecostoftheinventorythatwasonhandatthebeginningoftheperiod.
B. theincomestatementreportsthecostoftheinventorysoldduringtheperiod.
C. endinginventorycanbeanassetoranexpense.
D. inventoryisgenerallynotasignificantfactorintheiroperations.
Asmall________wouldmostlikelyuseaperpetualinventorysystem.
A. automobiledealership
B. fabricstore
C. restaurant
D. flowershop
Aperiodicinventorysystem:
A. isusedforinexpensivegoods.
B. isnotexpensivetomaintain.
C. doesnotkeeparunningrecordofinventoryonhand.
D. isalloftheabove.
Underaperpetualinventorysystem:
A. theremustbeaphysicalcounttodeterminetheamountoftheendinginventory.
B. theremustbeaphysicalcounttodeterminethecostofgoodssold.
C. theinventoryrecordsmustbeupdatedmanually.
D. itcanbereadilydeterminedifthereisasufficientsupplyofinventoryonhand.
微信支付 
支付宝支付