of unit cost or items sale price July 1 Opening balance 45 $30 July 5 Purchase 20 $32 July 7 Purchase of July 5 items returned 5 July 10 Sale 45 $40 July 12 Purchase 25 $34 July 17 Sale 20 $50 July 24 Purchase 35 $35 What is the amount of the adjustment that must be made to inventory at the end of the month if the selling price drops to $20 Start your answer with a sign if an increase, a sign if a decrease, or enter O if no adjustment is needed (2 marks) A Question 69 (2 points) What is the amount of the adjustment that must be made to inventory at the end of the month if the selling price drops to $35 Start your answer with a sign if an increase, a sign if a decrease, or enter O if no adjustment is needed (2 marks) What is the amount of the adjustment that must be made to inventory at the end of the month if the selling price drops to $20 Start your answer with a sign if an increase, a sign if a decrease, or enter O if no adjustment is needed (2 marks) A Question 69 (2 points) What is the amount of the adjustment that must be made to inventory at the end of the month if the selling price drops to $35 Start your answer with a sign if an increase, a sign if a decrease, or enter O if no adjustment is needed (2 marks)

Question

of unit cost or items sale price July 1 Opening balance 45 $30 July 5 Purchase 20 $32 July 7 Purchase of July 5 items returned  5 July 10 Sale 45 $40 July 12 Purchase 25 $34 July 17 Sale 20 $50 July 24 Purchase 35 $35 What is the amount of the adjustment that must be made to inventory at the end of the month if the selling price drops to $20  Start your answer with a   sign if an increase, a   sign if a decrease, or enter O if no adjustment is needed  (2 marks) A  Question 69 (2 points) What is the amount of the adjustment that must be made to inventory at the end of the month if the selling price drops to $35  Start your answer with a   sign if an increase, a   sign if a decrease, or enter O if no adjustment is needed  (2 marks) What is the amount of the adjustment that must be made to inventory at the end of the month if the selling price drops to $20  Start your answer with a   sign if an increase, a   sign if a decrease, or enter O if no adjustment is needed  (2 marks) A  Question 69 (2 points) What is the amount of the adjustment that must be made to inventory at the end of the month if the selling price drops to $35  Start your answer with a   sign if an increase, a   sign if a decrease, or enter O if no adjustment is needed  (2 marks)

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Question

# of unit cost or items sale price July 1 Opening balance 45 $30 July 5 Purchase 20 $32 July 7 Purchase of July 5

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		# of	unit cost or
		items	sale price
July 1	Opening balance	45	$30
July 5	Purchase	20	$32
July 7	Purchase of July 5 items returned	-5
July 10	Sale	45	$40

July 12	Purchase	25	$34

July 17	Sale	20	$50

July 24	Purchase	35	$35