Reference no: EM133180153
Question - The Apollo Company conducted a physical count on December 31, 2021 which revealed in inventory with a cost of P4,410,000. The following items were excluded from the physical count:
Merchandise held by Apollo on consignment, P610,000.
Merchandise shipped by Apollo, FOB Destination to a customer on December 31, 2021 and was received by the customer on January 8, 2022, P380,000.
Merchandise shipped by Apollo, FOB Shipping Point to a customer on December 31, 2021 and was received by the customer on January 8, 2022, P460,000.
Merchandise shipped by a vendor, FOB Destination on December 31, 2021 was received by Apollo on January 8, 2022, P830,000.
Merchandise purchased FOB Shipping Point was shipped by the supplier on December 31, 2021 and received by Apollo on January 8, 2022, P510,000.
Required - What is the correct amount of inventory on December 31, 2021?
|
Calculate the total relevant cost to make or buy timer units
: Calculate the total relevant cost to make or buy the timer units. Clifton Clocks has offered to provide the timer units to Sheridan at a price of $33 per unit
|
|
Resistance to clawback ceo severance pay at united airlines
: A recent scandal involving United Airlines' (former) CEO Jeffrey Smisek led to his termination. Smisek re-instituted an unprofitable air route between Newark In
|
|
Structure of global supply chains and operations
: Discuss the structure of their global supply chains, operations, and/or production. Evaluate the critical functions of the business.
|
|
General job description for an hr generalist
: HR is continuing the transition to a strategic business partner. How does that change the 'practice' of HR?
|
|
What is the correct amount of inventory on december
: Merchandise held by Apollo on consignment, P610,000. What is the correct amount of inventory on December 31, 2021
|
|
General warehouse associates and drivers
: The purpose of this case study is designed to assess the skills and competencies required for the Warehouse HR Manager role. This exercise may require you to ma
|
|
Project plan-agile-waterfall-devops-swot
: 1. Perform a SWOT analysis on your business project. Define strengths, weaknesses, opportunities and threats. Use table 11-1 as a guide.
|
|
Major influences on organizational communication
: What are the major influences on organizational communication, and how can organizational design affect communication?
|
|
Prepare the journal entries upon the retirement of the bonds
: Khufra Company issued 500, P1,000 face value 6%, 5-year term bonds and issued to yield a rate of 8%. Prepare journal entries upon the retirement of the bonds
|