Asked by Jayson Sta Cruz on May 26, 2024
Verified
The Shoe Mart shows an inventory of 573 pairs of shoes at a price of $67.28 per pair. Compute the amount that should be shown in the extension column.
Extension Column
In accounting, a column in ledger books or spreadsheets where amounts are extended; for example, quantity multiplied by unit price.
Inventory
The total amount of goods and materials held by a company for the purpose of resale or production.
- Compute the extension column value by multiplying the unit cost by quantity.
Verified Answer
JG
Learning Objectives
- Compute the extension column value by multiplying the unit cost by quantity.
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