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Bramble Inc. is a retailer operating in British Columbia. Bramble uses the perpetual inventory system. All sales returns from customers result in the goods
Bramble Inc. is a retailer operating in British Columbia. Bramble uses the perpetual inventory system. All sales returns from customers result in the goods being returned to inventory; the inventory is not damaged. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Bramble Inc. for the month of January 2022 Date Description Quantity Unit Cost or Selling Price January 1 Beginning inventory 100 $21 January 5 Purchase 148 24 January 8 Sale 115 36 January 10 Sale return 10 36 January 15 Purchase 55 26 January 16 Purchase return 5 26 January 20 93 41 Sale 28 January 25 Purchase 26
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