A retailer maintains a book (perpetual) inventory system in which all figures are kept at cost values
The beginning-of-month inventory as of December 1 is $100,000; the purchases in December equal $80,000; and December's sales (at cost) equal $63,000 . The beginning of month inventory for January 1 then equals _____.
a. $70,000
b. $117,000
c. $170,000
d. $233,000
b
Business
You might also like to view...
A continuing rise in prices over a period of time refers to
A. inflation. B. economic expansion. C. a recession. D. economic contraction. E. stagflation.
Business
In modified rebuy and in straight rebuy situations, one or more steps of the business-to-business buying process may be eliminated
Indicate whether the statement is true or false
Business