Find using FIFO and average cost both a) cost of goods sold b) ending inventory Bridgeport-Mart Centre
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Find using FIFO and average cost both
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Bridgeport-Mart Centre Inc. opened for business on May 1, and uses a perpetual inventory system. During May, the company had th following purchases and sales for one of its products: Purchases Sales Date Units Unit Cost Units Unit Price May 1 120 $100 80 $245 8. 100 110 13 80 269 15 116 20 60 294 40 319 27 60 Bridgeport-Mart Centre Inc. opened for business on May 1, and uses a perpetual inventory system. During May, the company had th following purchases and sales for one of its products: Purchases Sales Date Units Unit Cost Units Unit Price May 1 120 $100 80 $245 8. 100 110 13 80 269 15 116 20 60 294 40 319 27 60
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Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Posted Date:
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