Question
Question 5 Sooke Foods reports the following for month ended December 31, 2019: Inventory, November 30, 2019 $475,000 Inventory, December 31, 2019 $540,000 December 2019
Question 5
Sooke Foods reports the following for month ended December 31, 2019:
Inventory, November 30, 2019 $475,000
Inventory, December 31, 2019 $540,000
December 2019 - Purchases on credit $440,000
December 2019 - Sales on credits $734,000
Required
Calculate Cost of Goods Sold
Using the template below, prepare journal transactions for a periodic inventory system and a perpetual inventory system. Explanations are not required.
Cost of Goods Sold calculation:
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Journal Entries:
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Critical Marketing Audit The Case Of Apple Inc.
Authors: Joseph Katie
1st Edition
365637712X, 978-3656377122
