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Everything else is right the only thing that is wrong is the last Cost of Goods in the Partial Income Statement in part c. Please
Everything else is right the only thing that is wrong is the last Cost of Goods in the Partial Income Statement in part c. Please fix!
Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion. She notices that a few clinic participants wear multiuse (MU) watches. Beyond the normal timekeeping features of most watches, MU watches are able to report temperature, altitude, and barometric pressure. MU watches are waterproof, so moisture from kayaking, rain, fishing, or even diving up to 100 feet won't damage them. Suzie decides to have MU watches available for sale at the start of each clinic. The following transactions relate to purchases and sales of watches during the second half of 2019. All watches are sold for $303 each. Jul. 17 Purchased 53 watches for $8,109 ($153 per watch) on account. Jul. 31 Sold 43 watches for $13,029 cash. Aug. 12 Purchased 43 watches for $7,009 ($163 per watch) cash. Aug. 22 Sold 33 watches for $9,999 on account. Sep. 19 Paid for watches ordered on July 17. Sep. 27 Received full payment for watches sold on account on August 22. Oct. 27 Purchased 83 watches for $14,359 ($173 per watch) cash. Nov. 20 Sold 93 watches for $28,179 cash. Dec. 4 Purchased 106 watches for $19,398 ($183 per watch) cash. Dec. 8 Sold 43 watches for $13,029 on accountStep by Step Solution
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