At February 1, 2022, the balance in Bonita Industries supplies account was $3080. During February Bonita purchased supplies of $2640 and used supplies of $3520. At the end of February, the balance in the Supplies account should be . a. $9240 debit. b. $3080 debit. c. $3960 credit. d. $2200 debit.
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Which of the following would not generally be a motive for a firm to hold inventories? a. to decouple or separate parts of the production process b. to provide a stock of goods that will provide a selection for customers c. to take advantage of quantity discounts d. to minimize holding costs e. all of the above are functions of inventory.
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At February 1, 2022, the balance in Bonita Industries supplies account was $3080. During February Bo...
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