Question
Given the following information, determine the journal entries: a. using the weighted average perpetual inventory method. b. using the LIFO perpetual inventory method. c. using
Given the following information, determine the journal entries:
a. using the weighted average perpetual inventory method.
b. using the LIFO perpetual inventory method.
c. using the FIFO perpetual inventory method.
March beginning inventory is 5 units at $6 per unit.
March 3: 15 units were purchased at $7 per unit. March 11: 10 units were purchased at $9 per unit.
March 15: 20 units were sold at $15 per unit.
March 18: 35 units were purchased at $10 per unit. March 31: 30 units were sold at $20 per unit.
CALCULATE JOURNAL ENTRIES FROM ABOVE INFORMATION:
JOURNAL ENTRIES:
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Information System Audit How To Control The Digital Disruption
Authors: Philippe Peret
1st Edition
1032136162, 978-1032136165
