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A company uses a periodic inventory system. At the end of the annual accounting period, December 31, the accounting records for the most popular
A company uses a periodic inventory system. At the end of the annual accounting period, December 31, the accounting records for the most popular item in inventory showed the following: Unit Transactions Units Cost Beginning inventory, January 1 310 $6.00 Transactions during the year: a. Purchase, January 210 2.50 30 b. Purchase, May 1 370 7.00 c. Sale ($8 each) d. Sale ($8 each) (70) (610) Required: a. Compute the amount of goods available for sale. Complete this question by entering your answers in the tabs below. Req A Compute the amount of goods available for sale. Goods available for sale < Req A next >
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