Business, 31.10.2019 07:31 kiaramccurty
Date transaction number of units unit cost/price jan. 1 beginning inventory 500 $ 10 feb. 25 sale 300 20 may 21 purchase 400 12 jul. 15 purchase 500 15 dec. 10 sale 800 20 all purchase/sale transactions are made on credit. the company uses the fifo method and perpetual inventory system to record transactions. the entry to record the transaction on december 10 will involve a debit to cost of goods sold for
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Date transaction number of units unit cost/price jan. 1 beginning inventory 500 $ 10 feb. 25 sale 30...
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