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Required information Problem 6-68 Record transactions using a perpetual system, prepare a partial income statement, and adjust for the lower of cost and net realizable
Required information Problem 6-68 Record transactions using a perpetual system, prepare a partial income statement, and adjust for the lower of cost and net realizable value(LO6-2, 6-3, 6-4, 6-5, 6-6) [The following information applies to the questions displayed below] At the beginning of November, Yoshi inc's inventory consists. of 64 units with a cost per unit of $96. The following transactions occur during the month of November. Noveber 2 Purehase 89 untts of inventory an account froe Toad Inc. for $100 per init, teras 1/10, n/3e. Novesber 3 pay cash for freitht charges related to the Novenber 2 purchase, 5320. Navinber 11 Pay Toad Inc. In full. Hownetier 2 purchase includes $100 unit cost plus $5 per unit for freiaht less it per unit for the purchase Hovester 21 Parchase 56 units of inventory fros road Inc, for $106 per unit, terss 3/10,n/10
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