Question
Q:1 The Company bus the following inventory.purchases, and sales data for the month of Jan, Instructions Inventory: Jan Purchases: Jan 5 SR600 SR2.700 150 units
Q:1 The Company bus the following inventory.purchases, and sales data for the month of Jan, Instructions Inventory: Jan Purchases: Jan 5 SR600 SR2.700 150 units @ SR4.00 600 units @ SR4.50 40X) units SR4XXO 300 units SR 3.50 Jan 10 SR1,66) SR1.050 Jan 24 Sales: Jan 16 6 Jan 25 500 The physical inventory count on Jan 31 shows 350 units om hand, Under a periodic inventory system, determine the cost of inventory on hand ni Jan 31 and the cost of goods sold for Jan under La FIED by average on?
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Intermediate Accounting Volume 1
Authors: Kin Lo, George Fisher
4th Edition
013523610X, 9780135236109
