Keiras Sports uses the FIFO inventory method. Keiras Sports started December with 9 helmets that cost $56

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Keira’s Sports uses the FIFO inventory method. Keira’s Sports started December with 9 helmets that cost $56 each. On December 19, Keira’s Sports bought 16 helmets at $51 each. On December 28, Keira’s Sports sold 1 1 helmets.
Prepare a perpetual inventory record for Keira’s Sports.

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Financial Accounting

ISBN: 978-0133052152

2nd edition

Authors: Robert Kemp, Jeffrey Waybright

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