J. Frumm Co. has the following transaction totals for the month. Use this information to answer the questions below.
Cost of Freight-In $150
Discounts received on purchases 750
Value of Inventory Returns and Allowances 900
Purchases of Inventory 7,000
HST Paid 1,620
Beginning Inventory 1,200
Cost of Goods Sold 1,350
Based on the above, Ending Inventory is ________.

Question

J. Frumm Co. has the following transaction totals for the month. Use this information to answer the questions below.
Cost of Freight-In        $150
Discounts received on purchases        750
Value of Inventory Returns and Allowances        900
Purchases of Inventory       7,000
HST Paid        1,620
Beginning Inventory        1,200
Cost of Goods Sold        1,350
Based on the above, Ending Inventory is ________.

Quizplus · Accepted Answer

The Answer of J. Frumm Co. has the following transaction totals for the month. Use this information to answer the questions below.
Cost of Freight-In        $150
Discounts received on purchases        750
Value of Inventory Returns and Allowances        900
Purchases of Inventory       7,000
HST Paid        1,620
Beginning Inventory        1,200
Cost of Goods Sold        1,350
Based on the above, Ending Inventory is ________.

J Frumm Co