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uses a properly, a year-end physical inventory Select one Log out) in as
General Assignment 2 (pre-final formative) ATION Question 2 The cost of the transportation of inventory purchased: Not yet answered Marked out of 1 Select one: O a Increases income. r Ohanes Flag question b. Reduces the sales price. 5 6 0 11 12 6 17 18 O c. Are expensed in the current penod O d. Becomes part of the cost of inventory Next
OZHENIFAR OHANES KOYUNI Select one: Not yet answered Marked out of 1 O b. Year-end inventory, plus purchases during the year, less the inventory at the beginning of the year O c. Net sales, less the balance in the Gross Profit account O d. Cost of goods available for sale during the year, less the ending 6 12 Next EN
Dz ol TION Question 4 Not yet answered Marked out of 1 A company with a liquid inventory will Select one 1a A high inventory turnover and a low average number of days to sell nventory Ohanes P Flng question O b.A low inventory tumover and a high average number of days to sell inventory 5 6 1 12 17 18 O c. A low inventory turnover and a low average number of days to sell inventory O d. A high inventory turnover and a high average number of days to sell inventory Next
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Answer #1

1. Physical count is not directly influence the balance in Inventory control account under any type inventory system So Option c is Correct, 2. The cost of transportation of purchased inventory is becomes part of Inventory So Option d is Correct. 3. Cost of Goods Sold- Sales - Gross Profit Margin So Option c is Correct. 4. A company with liquid Inventory will have High inventory turnover and low average number of days So Option a is Correct. to sell inventory

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