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Creative Kaos Store carries a large inventory of guitars and First, make an inventory schedule and enter each other musical instruments. Company records indicate the
Creative Kaos Store carries a large inventory of guitars and First, make an inventory schedule and enter each other musical instruments. Company records indicate the _ purchase and sale. Start by entering the opening balance of inventory. Be sure to calculate the following for a particular line of guitars. balance after each transaction. (Use parentheses or a minus sign in front of the quantity and the total cost when those numbers are subtracted from inventory. Round average cost per unit to two decimals (X.XX) and total cost to the nearest dollar.) Required Assume that the store uses the moving-weighted-average-cost method. Prepare Creative Kaos Store's perpetual inventory record for the guitars on the moving-weighted-average-cost basis. Round average cost per unit to the nearest cent and all other amounts to the nearest dollar. Creative Kaos Store carries a large inventory of guitars and other musical instruments. Company records indicate the following for a particular line of guitars. Required Assume that the store uses the moving-weighted-average-cost method. Prepare Creative Kaos Store's perpetual inventory record for the guitars on the moving-weighted-average-cost basis. Round average cost per unit to the nearest cent and all other Now, determine the cost of goods sold. Enter the amounts to the nearest dollar. transactions in chronological order
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