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Suppose that on April 13, 2018, both Company A and Company B sold inventory with a cost of $59,500. The updated balance of inventory
Suppose that on April 13, 2018, both Company A and Company B sold inventory with a cost of $59,500. The updated balance of inventory as at April 1 for both companies was $89,600. Company A uses the perpetual inventory system. Company B uses the periodic inventory system and performs an inventory count at the end of each month. What is the value of inventory as at April 13 for each company? Do not enter dollar signs or commas in the input boxes. Company Inventory System Value of Inventory on April 13 A Perpetual $81100 B Periodic $116500
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