chapter6a - Chapter 6 1. Which of the following should not...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Chapter 6 1. Which of the following should not be included in the physical inventory of a company? A. Goods held on consignment from another company. B. Goods shipped on consignment to another company. C. Goods in transit from another company shipped FOB shipping point. D. None of the above. 2. Cost of goods available for sale consist of two elements: beginning inventory and A. ending inventory. B. cost of goods purchased. C. cost of goods sold. D. all of the above. 3. Tinker Bell Company has the following: Units Unit Cost Inventory, Jan. 1 8,000 $11 Purchase, June 19 13,000 $12 Purchase, Nov. 8 5,000 $13 If Tinker Bell has 9,000 units on hand at December 31, the cost of the ending inventory under FIFO is: A. $99,000. B. $108,000. C. $113,000. D. $117,000. 4. Tinker Bell Company has the following: Units Unit Cost Inventory, Jan. 1 8,000 $11 Purchase, June 19 13,000 $12...
View Full Document

This note was uploaded on 01/27/2010 for the course MGT 011A taught by Professor Hancock,john during the Spring '07 term at UC Davis.

Page1 / 2

chapter6a - Chapter 6 1. Which of the following should not...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online