Question
Elston Company had a beginning inventory of 200 units at a cost of $12 per unit on August 1. During the month, the following purchases
Elston Company had a beginning inventory of 200 units at a cost of $12 per unit on August 1. During the month, the following purchases and sales were made.
Purchases:
August 4 250 units at RM/$13
August 15 350 units at RM/$15
August 28 200 units at RM/$14
Sales:
August 7 150 units
August 11 100 units
August 17 250 units
August 24 200 units
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Research Methods For Business Students
Authors: Mark N.K. Saunders, Philip Lewis, Adrian Thornhill
7th Edition
1292016620, 9781292016627
