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very stuck! thank you Burlington Wholesale Inc. had the following inventory transactions for one month. The company uses a perpetual system and FIFO. All purchases
very stuck! thank you
Burlington Wholesale Inc. had the following inventory transactions for one month. The company uses a perpetual system and FIFO. All purchases and sales are on account. January 1 Opening of unit cost or items sale price 40 balance $20 January 5 Purchase 20 522 Purchase January 7 of January 6 -6 literns rolurned January 10 Sale $40 50 26 January 12 Purchase $24 January 17 Sale 20 $50 January 24 Purchase 36 $26 Use an inventory cost chart and an accounting chart to analyze the above transactions, and then answer the questions below. Where you are asked to enter a percentage, you may enter it in any of several ways. For example, 78 percent can be entered as 789,178, 0.78, or 78. Dollar figures should be entered WITHOUT dollar signs, commas, or decimal points. What is the value of the inventory after the January 10 transaction? Question 711 point) What is the poss profit percentage on the January 10 sak? Question B 1 point What is the amount of prom prolit on the January 10 sale Question 911 point) What is the value of the inventory after the January 12 transaction? Question 10 (1 point What amount of cost of goods sold will be recorded on January 177 Question 11 point What is the value of the inventory after the January 17 trama Question 12 (1 point) What is the gross prali percentage on the day 17 Question 13 11 point) What is the amount of profit on the Jouary 17 Question 14 point What is the wofthentry after ay 2 transaction? Question 15 Inti What is the totale for the month Step by Step Solution
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