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question 1 for ayman stores that applies Perpetual system : assume that Net sales=160000$, cost of goods available for sales =170000$ ending inventory per FIFO=70000$
question 1
for ayman stores that applies Perpetual system :
assume that Net sales=160000$,
cost of goods available for sales =170000$
ending inventory per FIFO=70000$
ending inventory according to WA method=60000
the gross margin when applying FIFO will be:-
question 2
A credit sale of NT$7,500 is made on June 13, terms
2/10, net/30. A return of NT$500 is granted on June 16.
The amount received as payment in full on June 20 is
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