Question
Determine Book Inventory @ Cost, given following information Cost Retail Opening inventory $34,890 $52,914 Net purchases 12,116 28,709 Freight 120 Net transfers out (use as
- Determine Book Inventory @ Cost, given following information
Cost Retail
Opening inventory $34,890 $52,914
Net purchases 12,116 28,709
Freight 120
Net transfers out (use as reduction) 344 818
Gross sales 29,368
Customer returns 2,134
Net markdowns 1,024
Employee discounts 362
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
