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Prescott Plates Uses a Periodic Inventory System

Question 79

Multiple Choice

Prescott Plates uses a periodic inventory system. Prescott sold 35 dining sets during September. Other data for September include: Prescott Plates uses a periodic inventory system. Prescott sold 35 dining sets during September. Other data for September include:   Prescott sold 10 units from the Sept 1 balance, 15 from the Sept 6 purchase, and 10 from the Sept 12 purchase. Ending Inventory under the Specific Invoice method is: A)  $11,750. B)  $6,240. C)  $5,820. D)  $4,520. Prescott sold 10 units from the Sept 1 balance, 15 from the Sept 6 purchase, and 10 from the Sept 12 purchase. Ending Inventory under the Specific Invoice method is:


A) $11,750.
B) $6,240.
C) $5,820.
D) $4,520.

Correct Answer:

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