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Vaughn Manufacturing began the year with 8 units of marine floats at a cost of $10 each. During the year, it made the following
Vaughn Manufacturing began the year with 8 units of marine floats at a cost of $10 each. During the year, it made the following purchases: May 5, 35 unit at $16; July 16, 19 units at $21; and December 7,24 units at $23. Assume there are 34 units on hand at the end of the period. Vaughn uses the periodic approach.
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
