Sarah9340 Sarah9340

24-09-2019
Business

contestada

Ace Bonding Company purchased inventory on account. The inventory costs $2,000 and is expected to sell for $3,000. How should Ace record the purchase using a perpetual inventory system?

Respuesta :

federico1636 federico1636

25-09-2019

Answer:

The inventory should be registered as $2000

Explanation:

The inventory should be registered by it is acquisition cost. Once sold Inventory will go down bt $2000 and COGS will rise by $2000

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