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13 Hall SA was formed on December 1, 2021. The following information is available from Hall's inventory records for Product BAP. Units Unit Cost $8.00
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Hall SA was formed on December 1, 2021. The following information is available from Hall's inventory records for Product BAP. Units Unit Cost $8.00 690 January 1, 2022 (beginning inventory) Purchases: January 5, 2022 1,300 9.00 1,670 10.00 January 25, 2022 February 16, 2022 1,060 11.00 690 12.00 March 26, 2022 A physical inventory on March 31, 2022, shows 1,830 units on hand. Assuming Hall uses a periodic system. (a) Prepare schedule to compute the ending inventory at March 31, 2022, under Specific identification method. Assume that 530 units from the beginning inventory are on hand and 1,300 units from the January 5 purchase are on hand. (a) Prepare schedule to compute the ending inventory at March 31, 2022, under Specific identification method. Assume that 530 units from the beginning inventory are on hand and 1,300 units from the January 5 purchase are on hand. HALL SA COMPUTATION OF INVENTORY FOR PRODUCT BAP UNDER SPECIFIC IDENTIFICATION INVENTORY METHOD March 31, 2022 Units Unit Cost Total Cost $ Purchases January 25, 2022 Purchases February 16, 2022 I $ Ending Inventory Step by Step Solution
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