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Marin Company uses a periodic inventory system. For April, when the company sold 650 units, the following information is wat Unit Cost $20 April 1
Marin Company uses a periodic inventory system. For April, when the company sold 650 units, the following information is wat Unit Cost $20 April 1 Inventory April 15 purchase April 23 purchase Units 310 390 300 1,000 Total Cost $6,200 9,360 7,800 $2.360 26 Compute the April 30 inventory and the April cost of goods sold using the FIFO method Ending inventory Cost of goods sold Brief Exercise 141 Assume in each case that the selling expenses are $ per unit and that the normal profit or market $5 per unit. Calculate the limits for each case. Then enter the amount at the bed or cerca Selling Price Upper Limit Replacement Cost Lower Limit Cost $59 $43 $47 60 Question Attempts of 1 used FOR LATESURIT ANSWER Practice Question 36 Viewpoint Company's October 31 inventory was destroyed by fire. The company beginning invertory was $500,000, and purchases for laruary th same period were $1,000,000. The company's normal gross profit percentage is 30% of sales. Using the gross promoted the r e e $300,000 $440,000 $40,000 $540,000 Question Attempts of used LAS ITAR
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