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Eddies Galleria sells billiard tables. The company has the following purchases and sales for 2024. Date Transaction Units Unit Cost Total Cost January 1 Beginning
Eddies Galleria sells billiard tables. The company has the following purchases and sales for 2024.
Date | Transaction | Units | Unit Cost | Total Cost |
January 1 | Beginning Inventory | 150 | 540 | 81000 |
March 8 | Purchase | 120 | 570 | 68400 |
August 22 | Purchase | 100 | 600 | 60000 |
October 29 | Purchase | 80 | 640 | 51200 |
Total | 450 | 260600 | ||
January 1 to December 31 Sales ($700 each) 400 | Sales | 400 |
Eddie is worried about the companys financial performance. He has noticed an increase in the purchase cost of billiard tables, but at the same time, competition from other billiard table stores and other entertainment choices have prevented him from increasing the sales price. Eddie is worried that if the companys profitability is too low, stockholders will demand he be replaced. Eddie does not wan
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