At what amount will Johnson record the inventory purchased on February 1,2017?
A)$210,000.
B)$200,000.
C)$180,000.
D)$190,000.

Name: At what amount will Johnson record the inventory purchased on February 1,2017? A)$210,000. B)$200,000. C)$180,000. D)$190,000.
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Question

Quizplus · Accepted Answer

The inventory purchased on February 1,2017, is recorded at cost price. The cost price of 6,000 units with a purchase price of $30 per unit is:
Cost price = 6,000 x $30 = $180,000.

Therefore, the correct option is C) $180,000.

At What Amount Will Johnson Record the Inventory Purchased on February