Question
How would I calculate the cost of goods sold and inventory value for Sold 22 robots for $9350 each on account, terms 2/10, n/30, FOB
How would I calculate the cost of goods sold and inventory value for Sold 22 robots for $9350 each on account, terms 2/10, n/30, FOB Shipping Point, the company uses FIFO to find the cost of goods sold. Record the sales revenue first.
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Financial Accounting Tools For Business Decision-Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
2nd Canadian Edition
0470833378, 978-0470833377
