Question
Beginning inventory, purchases, and sales for an inventory item are as follows: Date Line Item Description Units and Cost Sep. 1 Beginning Inventory 22 units
Beginning inventory, purchases, and sales for an inventory item are as follows:
Date Line Item Description Units and Cost Sep. 1 Beginning Inventory 22 units @ $13
5 Sale 15 units
17 Purchase 27 units @ $16 30 Sale 14 units Assuming a perpetual inventory system and the last-in, first-out method:
a. Determine the cost of goods sold for the September 30 sale.
fill in the blank 1 of 2$
b. Determine the inventory on September 30. fill in the blank 2 of 2$
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Business Process Modeling Simulation And Design
Authors: Manuel Laguna, Johan Marklund
3rd Edition
1138061735, 978-1138061736
