Question
Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 64 units @ $17 7 Sale 47 units 15 Purchase 49
Beginning inventory, purchases, and sales for Item Zeta9 are as follows:
| Oct. 1 | Inventory | 64 units @ $17 | |
| 7 | Sale | 47 units | |
| 15 | Purchase | 49 units @ $19 | |
| 24 | Sale | 25 units |
Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of goods sold on October 24 and (b) the inventory on October 31.
| a. Cost of goods sold on October 24 | $fill in the blank 1 |
| b. Inventory on October 31 | $fill in the blank 2 |
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Audit Risk In The Operation Of EDF Financed Projects
Authors: Koffi Rufin Kouame
1st Edition
6205912651, 978-6205912652
