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A company's inventory records indicate the following data for the month of April: Date Activities Units Acquired at Cost Units Sold at Retail April 1
A company's inventory records indicate the following data for the month of April:
| Date | Activities | Units Acquired at Cost | Units Sold at Retail |
|---|---|---|---|
| April 1 | Beginning inventory | 700 units @ $36 = $25,200 | |
| April 7 | Purchase | 580 units @ $40 = $23,200 | |
| April 11 | Sale | 1,000 units @ $110 | |
| April 16 | Purchase | 500 units @ $44 = $22,000 | |
| April 22 | Sale | 400 units @ $110 | |
| April 29 | Purchase | 480 units @ $50 = $24,000 |
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
12th edition
1305041399, 1285078586, 978-1-133-9524, 9781133952428, 978-1305041394, 9781285078588, 1-133-95241-0, 978-1133952411
