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Better Boat Company is a service based company that rents canoes for use on local lakes and rivers during 2 0 2 4 . In
Better Boat Company is a service based company that rents canoes for use on local lakes and rivers during In addition to rental serices, at the beginning of January Better Boat Company decided to carry and sell Tshirts with its logo printed on them. Better Boat Company uses the perpetual inventory system to account for the inventory. During February Better Boat Company completed the following merchandising transactions:
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Feb. Sold Tshirts at $ each.
Feb. Purchased Tshirts at $ each.
Feb. Sold Tshirts for $ each.
Feb. Sold Tshirts for $ each.
Better Boat Company realized the inventory was running low, so it placed a rush order and
Feb. purchased Tshirts. The premium cost for these shirts was $ each.
Feb. Placed a second rush order and purchased Tshirts at $ each.
Feb. Sold Tshirts for $ each.
Feb. Purchased Tshirts for $ each.
In order to avoid future rush orders, purchased Tshirts. Due to the volume of the order,
Feb. Better Boat Company was able to negotiate a cost of $ each.
Feb. Sold Tshirts for $ each.
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Feb. Sold Tshirts for $ each.
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