Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and
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Question:
Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particular product in as follows:
Jan. Beginning inventory units @ $ $
Jan. Sold units @ $
Mar. Purchased units @ $
Mar. Sold units @ $
July Purchased units @ $
Oct. Purchased units @ $
Oct. Sold units @ $
Assume that Car Armour specifically sold the following units:
Jan. : units from beginning inventory
Mar. : units from beginning inventory, and
units from the March purchase
Oct. : units from the July purchase, and
units from the October purchase
Calculate cost to be assigned to ending inventory and cost of goods sold. Round your final answers to decimal places.
Related Book For
Fundamental Accounting Principles Volume 1
ISBN: 9781260881325
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
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