Question
1/2 inventory 300 units. 3000$ 2/2 purchases 500 units 7500$ 3/2 sold units 600 units for 1200$ cash 5/2 purchases 400 units for 2.5 $
1/2 inventory 300 units. 3000$ 2/2 purchases 500 units 7500$ 3/2 sold units 600 units for 1200$ cash 5/2 purchases 400 units for 2.5 $ for each under 1) perpetual system -FIFO method and WA method compute Gross margin 2) under perpetual system compute Gross margin using FIFO and WA?
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Cloud 9 Pty Ltd An Audit Case Study
Authors: John Wiley
1st Edition
0730329879, 978-0730329879
