Question
Formula please, thank you Consider the following information provided by Smith & Jones for the three months ending 30 September: Inventory balance (actual) 1 July
Formula please, thank you
Consider the following information provided by Smith & Jones for the three months ending 30 September:
Inventory balance (actual) 1 July $88,000
Inventory balance (budgeted) 30 September $93,000
Budgeted sales $312,000
Budgeted inventory purchases $64,000.
The budget cost of goods sold for the September quarter
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Comparative International Accounting
Authors: Christopher Nobes, Robert Parker
13th edition
1292081902, 1292081908, 9781292081960 , 1292081961, 978-1292081908
