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the data of sale and purchases of ABC company is given below jan 10. purchased 200 units and purchase price per unit is 70 terms
the data of sale and purchases of ABC company is given below
jan 10. purchased 200 units and purchase price per unit is 70 terms 2/10 and n/30 .
feb 10 .sold 100 units and sale price per unit is 100
requirement:
- Calculate sale price by gross invoice method
- Calculate purchase price by gross invoice and net cost method
- Journalize the transaction using perpetual inventory system.
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