shegg com/homework belp/questions-and-answers/company-takes-physical inventory-count-end-year hegg Study TEXTBOOK SOLUTIONS EXPERT OLA Search The company takes a physical inventory count at the end of the year and adjusts their inventory and cost of goods sold if there is a difference between the inventory value determined from the actual count compared to the value in the general ledger. The information below includes the number of units counted in inventory at the end of the year and the purchases of inventory during the month. Number of units held in the company's inventory at 12/31/2016 based on a count of the inventory was 17,728 units. A listing of purchases during the month of December are as follows Date Quantity Purchased Unit Cost Total Cost 12/5/16 15,000 3,75 56,250 12/14/16 6,500 4.00 26,000 12/21/16 7,500 450 33,750 The company uses FIFO to account for its inventory cost. what is the cost of the company's nndinn ?nunntandmiind nnnm. tn nn.nr+ Hnll+,-M4,he calculation below for full credit) ?.i. The balance in inventory per the What is the amount of the Dece credit)? Get this answer with Chegg Study View this answer Complete below the adjusting jc The company has estimated, ba ultimately not be collected. Theretore, they provide an allowance tor bad aebts at that level ???11????????
