Kemuning Jaya store had a beginning merchandise inventory of RM30,000. During the period, purchases were RM100,000, purchases returns RM4,000 and carriage inwards RM8,000. A physical count of inventory at the end of the period revealed that RM20,000 was still on hand. The cost of goods available for sale was RM114,000 RM154,000 RM134,000 RM104,000
Kemuning Jaya store had a beginning merchandise inventory of RM30,000. During the period, purchases were RM100,000, purchases returns RM4,000 and carriage inwards RM8,000. A physical count of inventory at the end of the period revealed that RM20,000 was still on hand. The cost of goods available for sale was RM114,000 RM154,000 RM134,000 RM104,000
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 46E
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Kemuning Jaya store had a beginning merchandise inventory of RM30,000. During the period, purchases were RM100,000, purchases returns RM4,000 and carriage inwards RM8,000. A physical count of inventory at the end of the period revealed that RM20,000 was still on hand. The cost of goods available for sale was
RM114,000
RM154,000
RM134,000
RM104,000
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