through 6-25. Filimonov Inc. has the following information related to purchases and sales of one of its

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through 6-25.

Filimonov Inc. has the following information related to purchases and sales of one of its inventory items:

Date Description Units Purchased at Cost Units Sold at Retail June 1 Beginning Inventory 150 units @ $10 ¼ $1,500 9 Purchase 1 200 units @ $12 ¼ $2,400 14 Sale 1 300 units @ $25 22 Purchase 2 250 units @ $14 ¼ $3,500 29 Sale 2 225 units @ $25 Cornerstone Exercise

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Cornerstones Of Financial Accounting Current Trends Update

ISBN: 9781111527952

1st Edition

Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen

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