Question
Beginning inventory160units@$ 8.50=$ 1,360 January 10Sales 120units@$ 17.50January 20Purchase100units@$ 7.50=750 January 25Sales 120units@$ 17.50January 30Purchase240units@$ 7.00=1,680 Totals500units $ 3,790240units Record journal entries for Laker Companys
Beginning inventory160units@$ 8.50=$ 1,360 January 10Sales 120units@$ 17.50January 20Purchase100units@$ 7.50=750 January 25Sales 120units@$ 17.50January 30Purchase240units@$ 7.00=1,680 Totals500units $ 3,790240units
Beginning inventory160units@$ 8.50=$ 1,360 January 10Sales 120units@$ 17.50January 20Purchase100units@$ 7.50=750 January 25Sales 120units@$ 17.50January 30Purchase240units@$ 7.00=1,680 Totals500units $ 3,790240units
Record journal entries for Laker Companys sales and purchases
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Cost Accounting Principles And Applications
Authors: Horace R. Brock
5th Edition
0070081522, 978-0070081529
