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This is an accounting question. cost and discus: P6-5B Information for BigFishTackle Co. Ltd. is presented in P6-4B. Use the same inventory data and assume
This is an accounting question.
cost and discus: P6-5B Information for BigFishTackle Co. Ltd. is presented in P6-4B. Use the same inventory data and assume that the Apply perpetual company uses the perpetual inventory system. Stone vai lentoas blozabong igits britani i batzube 98109 Instructions ile do amtol gaiquide diw.SIOS DE yol no 19119qua storleboog to 000.22 besdong Toitella (LO 2, 4) (a) Determine the cost of goods sold and cost of ending inventory using average cost. (Use unrounded numbers in your 405) calculations but round to the nearest cent for presentation purposes in your answer.) (b) When the company counted its inventory at the end of April, it counted only 49 rods on hand. What journal entry, any, should the company make to record this shortage? (c) If the company had not discovered this shortage, identify what accounts would be overstated or understated and by Duis anchor ma? nodos7105 T9f1A noit59110 910 od 2159 if DOES 101 9mmod ( 101 what amount. cost and discus: P6-5B Information for BigFishTackle Co. Ltd. is presented in P6-4B. Use the same inventory data and assume that the Apply perpetual company uses the perpetual inventory system. Stone vai lentoas blozabong igits britani i batzube 98109 Instructions ile do amtol gaiquide diw.SIOS DE yol no 19119qua storleboog to 000.22 besdong Toitella (LO 2, 4) (a) Determine the cost of goods sold and cost of ending inventory using average cost. (Use unrounded numbers in your 405) calculations but round to the nearest cent for presentation purposes in your answer.) (b) When the company counted its inventory at the end of April, it counted only 49 rods on hand. What journal entry, any, should the company make to record this shortage? (c) If the company had not discovered this shortage, identify what accounts would be overstated or understated and by Duis anchor ma? nodos7105 T9f1A noit59110 910 od 2159 if DOES 101 9mmod ( 101 what amountStep by Step Solution
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