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Mike's beans had the following perpetual inventory records for september for a coffee maker:

BUAD 215 Exam 3 Problems 14-18 - Compatibility Mode Josh Ise Review View Help Search erences Mailings A- A -D-A- - AL ABCD Aa

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Answer #1

Solution A:

TeRs Inventory at lower of cost or market Item Unit cost Unit market Quantity price price Cost Market Lower ofcost or market

Solution B:

Account title Debit Credit
Cost of goods sold (17800 -17000) 800
Inventory 800
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