Question
FAD Company uses a periodic inventory system and its inventory records for the period contain the following information: Beginning inventory (75 units @ $50/unit) $
FAD Company uses a periodic inventory system and its inventory records for the period contain the following information:
Beginning inventory (75 units @ $50/unit) $ 3,750 Purchases (150 units @ 50/unit) $ 7,500 Ending inventory (125 units @ $50/unit) $ 6,250
9. Use the information above to answer the following question. What is the amount of cost of goods available for sale? A. $11,250 B. $17,500 C. $5,000 D. $13,750
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Operational Assessment Of IT Internal Audit And IT Audit
Authors: Steve Katzman
1st Edition
0367567946, 978-0367567941
