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I would like this done as soon as possible! thanks The beginving imentery at Midnight Supples and dasa on purchases and sales for a triree-morith
I would like this done as soon as possible! thanks
The beginving imentery at Midnight Supples and dasa on purchases and sales for a triree-morith period endine March 31 are as follows: Pequired: 1. Fecord the invenfory purchases, and cost of poods soid dafa in a perpetual imentory record simplar to the one illustrated in Exhitit 3. using the first-in, fist-out method 2. Dehermine the fotal sales and the total cost of goods sold for the period downalize summary entries for the saies and corresponding cost of goods sold for the period Assume that al sales were on account and date your joumal entry March 31. Fint in the Cost of Goods Sold the Cost columit and in the imventay Uist Cost colum. 2.1 dete pour hume erty Mash 31 . 3. Dotermine the gross proft foem Aales for the period. 4. Determine the ending impritoy codf at of March 31 . Lower Heger Step by Step Solution
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