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Octagon Wholesalers uses a perpetual inventory system. Refer to the data in E5-3 regarding sales transactions with Stellar Stores and to the additional information below
Octagon Wholesalers uses a perpetual inventory system. Refer to the data in E5-3 regarding sales transactions with Stellar Stores and to the additional information below for Octagon. Mar. 1Octagon's cost of the merchandise sold to Stellar was $3,960. 3Octagon's cost of the merchandise returned by Stellar was $440. As the merchandise was not damaged, it was returned to Octagon's inventory. 21Octagon's cost of the additional merchandise sold to Stellar Stores was $5,720. Octagon's cost of the merchandise returned by Stellar was $176. As the merchandise was damaged, it was put in the recycling bin. 23 Octagon Wholesalers uses a perpetual inventory system. Refer to the data in E5-3 regarding sales transactions with Stellar Stores and to the additional information below for Octagon. Mar. 1Octagon's cost of the merchandise sold to Stellar was $3,960. 3Octagon's cost of the merchandise returned by Stellar was $440. As the merchandise was not damaged, it was returned to Octagon's inventory. 21Octagon's cost of the additional merchandise sold to Stellar Stores was $5,720. Octagon's cost of the merchandise returned by Stellar was $176. As the merchandise was damaged, it was put in the recycling bin. 23
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