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QUESTION 6 ( 8 marks): Sporty Shairy Corp. is a retailer selling sports gear. The company uses a perpetual inventory system that employs the average
QUESTION 6 ( 8 marks): Sporty Shairy Corp. is a retailer selling sports gear. The company uses a perpetual inventory system that employs the average cost method for one of its products. The following transactions occurred recently: Not required, but for ease of calculations, fill in the inventory grid below. Alternatively, use the empty space for your calculations. Part A): Record the appropriate journal entries for each of the transactions. Part B): Determine the November 30 inventory as well as total COGS for the period. COGS is: Inventory is
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