Beginning inventory, purchases, and sales for Product XCX are as follows: Calculate using Periodic inventory system...
Beginning inventory, purchases, and sales for Product XCX are as follows: Calculate using Periodic inventory system and FIFO.
Oct. 1 Beginning Inventory 24 units at $12 each
Oct. 17 Purchase 10 units at $15 each
Oct. 30 Sale 25 unit
A. How much did the unit sale for on Oct. 30 B. What is inventory on Oct.31?
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Beginning inventory, purchases, and sales for Product XCX are as
follows: Calculate using Periodic inventory system...
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Beginning inventory, purchases, and sales for Product XCX are as follows: Sep. 1 Beginning Inventory 22 units @ $11 5 Sale 15 units 17 Purchase 27 units @ $13 30 Sale 15 units Assuming a perpetual inventory system and the last-in, first-out method, determine (a) the cost of the goods sold for the September 30 sale and (b) the inventory on September 30. a) Cost of goods sold $ b) Inventory, September 30 $
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