DE9-12 Examine the perpetual inventory record in Exhibit 9-9, page 359. Answer these questions about Deckers Outdoor's
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DE9-12 Examine the perpetual inventory record in Exhibit 9-9, page 359. Answer these questions about Deckers Outdoor's inventory of Teva sandals. 1. Which costing method does Deckers use? Prove your answer by citing cost data from the exhibit. Focus on the November 12 sale. 2. Deckers sold all the sandals in the exhibit for $50 each. How much did Deckers report for November sales revenue, cost of goods sold, and gross profit? On which financial statement did Deckers report these figures?
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Related Book For
Accounting
ISBN: 9780130906991
5th Edition
Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones
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