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Waterway Industries is a retailer operating in Calgary, Alberta. Waterway Industries uses the perpetual inventory method. Assume that there are no credit transactions; all amounts

Waterway Industries is a retailer operating in Calgary, Alberta. Waterway Industries uses the perpetual inventory method. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Waterway Industries for the month of January 2017. image text in transcribed

Problem 6-8A Waterway Industries is a retailer operating in Calgary, Alberta. Waterway Industries uses the perpetual inventory method. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Waterway Industries for the month of January 2017 Date Dec. 31 Jan. 2 Jan. 6 Jan. 9 Jan. 10 Jan. 23 Jan. 30 Description Ending inventory Purchase Sale Purchase Sale Purchase Sale Quantity 155 95 174 78 49 95 125 Unit Cost or Selling Price $20 42 24 47 25 50

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