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The Benson Inc. company has the following purchases and sales during the year ended December 31, 2023. Inventory and Purchases Sales Specific Units Sold Beginning:
The Benson Inc. company has the following purchases and sales during the year ended December 31, 2023. Inventory and Purchases Sales Specific Units Sold Beginning: 300 units @ $11/unit January 25: 200 units @ $10/unit July 27: 100 units @ $9/unit April 26: 200 units October 26: 200 units April 26: 90 units from beginning inventory 110 units from the January 25 purchase October 26: 110 units from beginning inventory 50 units from the January 25 purchase 40 units from the July 27 purchase The units have a selling price of $15.00 per unit.
The Benson Inc. company has the following purchases and sales during the year ended December 31, 2023. inventory. Cost of goods available for sale: Units available for sale: Units remaining in ending inventory: \\begin{tabular}{|l|c|} \\hline & \\multicolumn{1}{|c|}{ Specific } \\\\ & Identification \\\\ \\hline \\( \\begin{array}{l}\\text { Cost of Goods Sold } \\\\ \\text { Ending Inventory } \\\\ \\text { Gross Profit }\\end{array} \\) & \\\\ \\hline \\end{tabular} \\begin{tabular}{||l|c|c|c|c|} \\hline \\multicolumn{2}{|c}{ General Journal } & \\multicolumn{3}{|c|}{ Page GJ8 } \\\\ \\hline Date & Account/Explanation & F & Debit & Credit \\\\ \\hline+- & \\( \\ldots \\) & & & \\\\ \\hline+- & \\( \\ldots \\) & & & \\\\ \\hline & \\( \\ldots \\) & & & \\\\ \\hline- & \\( \\ldots \\) & & & \\\\ \\hline \\end{tabular}Step by Step Solution
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