Sales for the year are $1,000,000. Cost of goods sold is $730,000. Beginning inventory is $80,000 and the ending inventory is $90,000. What is the cost of goods available for sale? A. $810,000 c. $820,000 b. $830,000 d. $840,000 Assume that the cost per unit of merchandise increased during a period. Which method will report the highest inventory level? What kind of account is allowance for doubtful accounts? A. Revenue c. Contra-Asset b. Contra-Revenue d. Asset Sankyo sold goods, offering the purchaser a 3% discount for paying within 10 days, with the full amount due in 45 days. Which of the following terms did Sankyo use?
A. 3/45, n/10.
B. 3/10, n/45.
C. 2/10, n/30.
D. n/45, 3/10.