Question

On december 1, jonas jewelry wholesale center started with an inventory of 1,000 watches. shipments of 168, 231, and 411 were sent out on january 3, february 8, and march 7, respectively. receipts of 21, 145, and 11 were received on january 8, february 22, and march 18. find the number of watches on hand as of march 18. 1,732 424 367 1,633

Answer 1

Answer: Third option is correct.

Explanation:

Since we have given that

Total watches in an inventory = 1000

Number of shipments sent out = 168, 231, 411

So, Remaining inventory of watches would be :

`1000-(168+231+411)\\\\=1000-810\\\\=190`

New receipts = 21, 145 and 11

So, Number of watches on hand becomes :

`190+(21+145+11)\\\\=367`

Hence, Third option is correct.