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Can you help me? Assume that AB Tire Store completed the following perpetual inventory transactions for a line of tires: (Click the icon to view
Can you help me?
Assume that AB Tire Store completed the following perpetual inventory transactions for a line of tires: (Click the icon to view the transactions.) Read the requirements. CH! Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers first.) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost More info Oct. 1 20 $ 66 11 8 $ 73 $ 584 20 $ 66 20 tires @ $66 each 8 $ 73 $ 584 Oct. 1 Beginning merchandise inventory Oct. 11 Purchase 23 15 Oct. 23 Sale 8 $ 73 $ 584 8 tires @ $73 each 15 tires @ $86 each 13 tires @ $84 each 15 tires @ $86 each Oct. 26 Purchase 26 13 $ 84 | $ 1,092 Oct. 29 Sale 8 $ 584 13 $ 84 | $ 1,092 29 8 $ 73 $ 584 Print Done $ $ 1,676 Totals 21Step by Step Solution
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