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QUESTION 10 On December 12, Cheung Company purchased 200 televisions for $250 each. By the...

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QUESTION 10 On December 12, Cheung Company purchased 200 televisions for $250 each. By the end of the month, Cheung had sold 15 of these for $365 each What amount of cost of goods sold should Cheung report on its income statement? 0 $73,000 b. $3,750 c. $46,250 d. $5.475 o $1.725 QUESTION 11 On December 12, Cheung Company purchased 200 televisions for $250 each. By the end of the month. Cheung had sold 15 of these for $365 each What amount of merchandise inventory will Cheung report on its balance sheet after all of these transactions have been recorded? a. 55,475 b. 567.525 $50,000 d. $46.250 QUESTION 12 A manufacturer cells $30,000 of inventory to Fettumaccine Company. The terms of the sale ore FOB Shipping Point, 1/10, 1/30. As a convenience the manufacturer pays $200 to a trucking company to transport the inventory, and this fee is added to the amount charged to Fettumaccine. Prior to remitting payment, Fettumaccine finds that items costing $3,000 are defective and returns the goods with the manufacturer's approval, What amount of cash discount may Fottumaceine claim if payment is made within the discount period? a $300 b. $270 c. 5272 d. S302

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