Company X doing ending inventory as of 2/28/05
A) X shipped goods costing $800 to a customer and charged the customer $1000. The goods were shipped with terms FOB destination, customer received goods March 2.
B) On February 26, Seller Inc. shipped goods to Company X under FOB shipping point. Goods were received March 2.
C) Company X had $500 inventory in a warehouse. The inventory is designated for a customer who requested the goods be shipped March 10.
D) Also in warehouse is $400 of inventory that Craft Producers shipped to Company X on consignment.
E) On February 26, Company X issued a purchase order to get goods costing $750. The goods were shipped with terms FOB destination on February 27. Company X received the goods on March 2
F) On February 26, X shipped goods to a customer under terms FOB shipping point. The invoice price was $350 plus $25 for freight; the cost of the items was $280. Customer received items on March 2.
2007-10-14
02:52:00
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1 answers
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asked by
Anonymous
in
Higher Education (University +)