Enviro Corporation had the following items as inventory as at December 31, 2017: Assuming Enviro uses a perpetual inventory system, and that none of the inventory items can be grouped together for accounting purposes.The year-end adjusting entry should include a charge to cost of goods sold of
A)$223.
B)$188.
C)$35.
D)$0.

Question

Enviro Corporation had the following items as inventory as at December 31, 2017:  Assuming Enviro uses a perpetual inventory system, and that none of the inventory items can be grouped together for accounting purposes.The year-end adjusting entry should include a charge to cost of goods sold of
A)$223. 
B)$188. 
C)$35. 
D)$0.

Quizplus · Accepted Answer

The Answer of Enviro Corporation had the following items as inventory as at December 31, 2017:  Assuming Enviro uses a perpetual inventory system, and that none of the inventory items can be grouped together for accounting purposes.The year-end adjusting entry should include a charge to cost of goods sold of
A)$223. 
B)$188. 
C)$35. 
D)$0.

Enviro Corporation Had the Following Items as Inventory as at December