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DUE TOUT, TOE. DU TOITUTUNUT Van Dyke Company reported the following July purchases and sales data. They also had 25 units @ $24 per unit
DUE TOUT, TOE. DU TOITUTUNUT Van Dyke Company reported the following July purchases and sales data. They also had 25 units @ $24 per unit at the beginning of July. The company uses a perpetual inventory system. ans 11551 1157151 (5/15) como Sales Units 35/100 Date Purchases Units Cost/Unit Total Cost July 1 Beginning Inventory 25 24 = $600 July 3 Purchase 6 $21 = $126 July 8 Sale July 12 Purchase 6 $22 - $132 July 17 Purchase 11 $25 = $275 July 23 Sale July 31 Purchase 10 $26 $260 Totals $1,393 ersion Calculate the cost of Goods Sold (COGS) and the Ending Inventory for the month using the Specific Indication method and the additional information below. Instructions for specific identification method: 1. Of the 12 items that were sold on July 8 11 of them were sold from the beginning inventory and 1 of them were sold from the July 3rd purchase 2. The 25 items that were sold on July 23rd: 9 were sold from beginning inventory, 3 were sold from the July 3rd purchase, 4 were sold from the July 12th purchase, and 9 were sold from the July 17th purchase. Cost of Goods Sold: $ Ending Inventory: $ Get help: Video Points posible: 10 United attempts Type here to search
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