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Question 3 of 8 View Policies Current Attempt in Progress Presented below is information related to Windsor Enterprises. Jan. 31 Feb. 28 Mar. 31 Apr.

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Question 3 of 8 View Policies Current Attempt in Progress Presented below is information related to Windsor Enterprises. Jan. 31 Feb. 28 Mar. 31 Apr. 30 Inventory at cost $16,200 $16,308 $18,360 $15,120 Inventory at LCNRV 15,660 13,608 16,848 14,364 Purchases for the month 18,360 25,920 28,620 Sales for the month 31,320 37,800 43,200 From the information, prepare (as far as the data permit) monthly income statements in columnar form for February, March, and April. The inventory is to be shown in the statement at cost: the gain or loss due to market fluctuations is to be shown separately (using a valuation account). (Enter negative amounts using elther a negative sign preceding the number es.-45 or parentheses eg. (451) February March Sales Revenue > 31.320 37,800 $ Cast of Goods Sold Inventory. Beginning 16200 16308 Purchases 18.360 25,920 Cost of Goods Available 34560 42228 Inventory, Ending 16,308 18360 BA i Question 3 of 8 Inventory, Beginning 16200 16308 Purchases 18.360 25,920 Cost of Goods Available 34560 42228 16.308 18360 Inventory Ending 18.209 23868 Cost of Goods Sold v 13932 Gross Profit 13112 121601 Gain Closs due to Market Fluctuations of inventory $ 5 e Textbook and Media Question 3 of 8 - / 12.5 > 31.320 $ 37.800 43.200 > 16200 16308 18360 > 18.360 25,920 28620 34560 42228 46980 16.30 19360 15.120 18208 3868 31800 13112 13932 11340 et Fluctuations of inventory 123001

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