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please answer it fully, thank you! Gerrys Grocery Store buys a particular brand of cereal, Cranberry Citrus Oat Crunch. The following relates to the purchase
please answer it fully, thank you!
Gerrys Grocery Store buys a particular brand of cereal, Cranberry Citrus Oat Crunch. The following relates to the purchase and sale of boxes of Cranberry Citrus Oat Crunch in the first week of October: October 1tt: Purchased 100 boxes of cereals @ \$4 October 2nd : Sold 50 boxes of cereals October 3rd : Purchased 200 boxes of cereals @ \$4.5 October 4th : Sold 100 boxes of cereals October 5th : Purchased 100 boxes at $4 October 6th : Sold 100 boxes Gerry's Grocery Store uses a perpetual system to account for its inventory under the First-In, First Out cost flow assumption What is the cost of goods sold and ending inventory for Gerry's Grocery Store for the first week of October? (4 marks) You can use the following table to compute your answers is you wish Step by Step Solution
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