ACCTSol65.pdf - 89 Award 10.00 points Rico Company orders...

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89. Award: 10.00 points 90. Award: 10.00 points Rico Company orders 25 weed whackers for its inventory from a supplier in Asia. Invoice cost is $625. GST is on the purchase is $50 and import duty charged is $25. Rico packages each unit in its own custom logo cartons for $2 a unit. Rico will carry the weed whackers in its inventory at: $625 $675 $700 $725 Some other amount A merchandise company's beginning inventory plus merchandise purchases equals: Ending inventory Cost of goods sold Merchandise available for sale Sales None of the above
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91. Award: 10.00 points 92. Award: 10.00 points Meanmocha Hardware has a periodic inventory system and uses the weighted average method. The company began the month of November with 150 large brass switch plates on hand at a cost of $4.00 each. These switch plates sell for $7.00 each. The following schedule sets forth the purchases of switch plates during November:
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