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A. Determine the cost of the goods sold for the September 30 sale. B. Determine the inventory on September 30. Beginning inventory, purchases, and sales
A. Determine the cost of the goods sold for the September 30 sale.
B. Determine the inventory on September 30.
Beginning inventory, purchases, and sales for an inventory item are as follows: 31 units @ $11 18 units 32 units @ $12 32 units Sep. 1 Beginning Inventory 5 Sale 17 Purchase 30 Sale Assuming a perpetual inventory system and the first-in, first-out method: a. Determine the cost of the goods sold for the September 30 sale. b. Determine the inventory on September 30.
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A a 2 Units sold on September 30 3 Cost of goods sold from Sept 1 inventory Cost of goo...
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
27th edition
978-1337272094, 1337272094, 978-1337514071, 1337514071, 978-1337899451
