Question
Assuming a perpetual inventory system is used, use the following information to calculate cost of goods sold on an average-cost basis. Dec. 1 Beginning inventory
Assuming a perpetual inventory system is used, use the following information to calculate cost of goods sold on an average-cost basis.
| Dec. | 1 |
| Beginning inventory | 50 units @ $22 |
|
| 9 |
| Purchases | 50 units @ $24 |
|
| 17 |
| Sales | 25 units |
|
| 22 |
| Purchases | 75 units @ $27 |
|
| 27 |
| Sales | 40 units |
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Options Futures And Other Derivatives
Authors: John Hull
9th Global Edition
1292212896, 9781292212890
