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The following information applies to the questions displayed below] Sigfusson Supplies reported beginning Inventory of 110 units, for a total cost of $3,300. The company
The following information applies to the questions displayed below] Sigfusson Supplies reported beginning Inventory of 110 units, for a total cost of $3,300. The company had the following transactions during the month: Sold 30 shovels on account at a selling price of $40 per unlt 9 Bought 20 shovels on account at a selling price of $30 per unit. 11 Sold 20 shovels on account at a cost of $45 per unlt. 19 Sold 30 shovels on account at a selling price of $50 per unit. 27 Bought 20 shovels on account at a cost of $30 per unit. 31 Counted inventory and determined that 50 units were on hand. Jan. 6
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