A company's inventory on December 31, 2024, was $338,000 based on a physical count priced at cost, and before any necessary adjustment for the following: • Inventory costing $43,000, shipped f.o.b. shipping point from a vendor on December 30, 2024, was received on January 5, 2025. • Inventory costing $35,000, shipped f.o.b. destination from a vendor on December 28, 2024, was received on January 3, 2025. • Inventory costing $51,000 was shipped to a customer f.o.b. destination on December 28, arrived at the customer's location on January 6, 2025. • Inventory costing $25,000 was being held on consignment by Traynor Company. What amount should the company report as inventory in its December 31, 2024, balance sheet?

Seiz Company used perpetual inventory system to record inventory transactions for 2021. Inventory                           P 1,900,000 Sales                                      6,500,000 Sales returns                           150,000 Cost of goods sold              4,600,000 Inventory losses                     120,000 On December 24, the entity recorded a P 150,000 credit sales of goods costing  P 100,000. These goods were sold on FOB destination point terms and were in transit on December 31.  The goods were included in the physical count.  The inventory on December 31 determined by physical count has a cost of P 2,000,000 and a net realizable value of P 1,700,000.  Any inventory writedown is not yet recorded. What amount should be reported as Cost of Goods Sold for 2020? a. 5,020,000 b. 4,500,000 c. 4,720,000 d. 4,920,000

During January 2019, Marta Company, which maintains a perpetual inventory system, recorded the following information pertaining to its inventory: Units Unit Cost Bal. 1/1/19 Purchased on 1/4/19 Sold on 1/20/18 Purchased on 1/25/18 Under the moving average method, what amount should Metro report as Cost of Sales on January 1,000 40 600 @ 120 900 400 @ 200 31,

1. At the beginning of September 2020, Bonita company reported inventory of 8200. During the month, the company purchases of 35900. At September 30 2020, a physical count of inventory reported 8600 on hand. Cost of goods solids for the month is ?