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  3. Study Set
    Fundamentals of Financial Accounting
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    Exam 6: Internal Control and Financial Reporting for Cash and Merchandising Operations
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    A Company Starts the Period with 100 Computers in Inventory,purchases
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A Company Starts the Period with 100 Computers in Inventory,purchases

Question 37

Question 37

Multiple Choice

A company starts the period with 100 computers in inventory,purchases 30 more,returns 4 of them to suppliers,and has 83 in inventory at the end of the period.If there is no shrinkage,how many computers were sold?


A) 47
B) 43
C) 17
D) 83

Correct Answer:

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