Question
Assume the following information: April 1 Inventory 4 units at cost of $19 April 10 purchase 6 units at cost of $19 April 12 sale
Assume the following information:
April 1 Inventory 4 units at cost of $19
April 10 purchase 6 units at cost of $19
April 12 sale 7 units
Using the perpetual inventory system, what is the amount of ending merchandise inventory?
Assume the following information:
May 1 Inventory
14
units at cost of $17
May 9 purchase
9
units at cost of $17
May 15 sale
15
units
Using the perpetual inventory system, what is the amount of ending merchandise inventory?
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Auditing Theory And Practice
Authors: Roger H. Hermanson
1st Edition
0256023301, 978-0256023305
