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On December 2, Tim Burr Logging sold $10,687 of wood on account to a customer, terms of 4/30, n/90. Using the average cost method, it
On December 2, Tim Burr Logging sold $10,687 of wood on account to a customer, terms of 4/30, n/90. Using the average cost method, it determined its cost of goods sold on that wood was $6,428. If the customer pays on December 31, Tim Burr Logging would credit (Select] for a rounded amount of (Select] , and would debit [Select] for the same amount
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