This Website Has Been Moved to a New Link


Boston Galleries 11000

Price: $1.99

Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows.

Painting Cost 
1/2 Beginning inventory Woods $11,000
4/19 PurchaseSunset 21,800
6/7 Purchase Earth 31,200
12/16 Purchase Moon 4,000

Woods and Moon were sold during the year for a total of $35,000. Determine the firm’s
a. cost of goods sold.
b. gross profit.
c. ending inventory

No comments:

Post a Comment