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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,700 gallons @ $8.6 per gallon = $14,620 Purchases: Mar. 10 Mar. 16
Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,700 gallons @ $8.6 per gallon = $14,620 Purchases: Mar. 10 Mar. 16 Mar. 23 740 gals @ $8.65 940 gals @ $8.70 740 gals @ $8.75 Sales: Mar. 5 Mar. 14 Mar. 20 Mar. 26 540 gals 840 gals 640 gals 840 gals The ending inventory under a periodic inventory system assuming average cost (rounding unit cost to three decimal places) is
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
