Question
A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 350 units. Ending inventory
A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 350 units.
Ending inventory at January 31 totals 150 units.
Units
Unit Cost
Beginning inventory on January 1: 320 $ 4.40
Purchase on January 9: 80 $4.60
Purchase on January 25: 100 $4.74
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Auditing Employee Management
Authors: Kelli W. Vito, SPHR, CCP
1st Edition
0894137190, 9780894137198
