PROBLEM 10-9: HERO COMPANY
Physical Count 6,000,000.00
Goods shipped form a vendor, FOB SP 300,000.00
Total Inventory: 6,300,000.00
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PROBLEM 10-10: EMPTY COMPANY
Year end count 2,500,000.00
Purchases, FOB SP 100,000.00
Goods billed to customer, FOB SP 400,000.00
Total Inventory: 3,000,000.00
PROBLEM 10-11: DIGNITY COMPANY
Inventory shipped on consignment to a consignee 600,000.00
Freight paid by Dignity Company 50,000.00
Total Inventory: 650,000.00
PROBLEM 10-12: KINDNESS COMPANY
List price 900,000.00
First trade discount (900K x 20%) (180,000.00)
720,000.00
Second Trade discount (720K x 10%) (72,000.00)
Invoice price 648,000.00
Freight charge 50,000.00
Cost of purchase 698,000.00
PROBLEM 10-13: COMPASSION COMPANY
List price 1,000,000.00
1st trade discount (1M x 20%) (200,000.00)
800,000.00
2nd trade discount (800K x 10%) (80,000.00)
Invoice price 720,000.00
Cash discount (36,000.00)
684,000.00
Freight accomodation 50,000.00
Received from customer: 734,000.00
PROBLEM 10-16: JOYOUS COMPANY
Physical count 4,410,000.00
Shipped, FOB destination to a customer 380,000.00
Purchases, FOB SP to Joyous 510,000.00
Total inventory: 5,300,000.00
PROBLEM 10-19: SUNDOWN COMPANY
