题目内容

BellCompanyhadcostofgoodssoldof$130,000.Thebeginningandendinginventories were$10,000and$20,000,respectively.Purchasesfortheperiodmusthavebeen:

A. $82,000
B. $94,000
C. $132,000
D. $140,000

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Beginninginventoryis$60,000,purchasesare$180,000andsalestotal$300,000.The normalgrossprofitis30%.Usingthegrossprofitmethod,howmuchisendinginventory?

A. $120,000
B. $106,400
C. $244,000
D. $30,000

An overstatementofendinginventoryinoneperiodresultsin:

A. noeffectonnetincomeofthenextperiod
B. anunderstatementofnetincomeofthenextperiod
C. anoverstatementofnetincomeofthenextperiod
D. anunderstatementofthebeginninginventoryofthenextperiod

WhichstatementisTRUE?

A. Mostcompaniesusetheperpetualinventorysystem.
B. Mostcompaniesusetheperiodicinventorysystem.
C. Mostcompaniesusethespecificidentificationmethod.
D. MostcompaniesintheUnitedStatesfollowInternationalFinancialReportingStandards.

Acompanypurchasedinventoryfor$800perunit.Thecompanylatersoldoneunitoftheinventoryforcashof$1,500.Undertheperpetualinventorysystem,whichaccountswillbedebitedtorecordthesale?

A. Cash,$1,500;Inventory,$800
B. Cash,$1,500;CostofGoodsSold,$800
Cash,$1,500;CostofGoodsSold,$700
D. Cash,$1,500;Inventory,$700

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