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Al Salam Company had the following inventory begging balance and transactions during 2022, from January 1 to October 30hs Assume the selling price is 12KD
Al Salam Company had the following inventory begging balance and transactions during 2022, from January 1 to October 30hs Assume the selling price is 12KD and the 150 units sold on October 30 were: 50 units sold from the beginning inventory, 50 units sold from units purchased on June 10in. and 50 units sold from Aug 15th purchase. Complete the following schedule assuming the company is using specific identification unit cost: Find the following balances at the end of October: Sales revenue Cost of goods sold Ending inventory
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