The information below is for Agents Pty. Ltd., which uses the periodic inventory system? Details Opening inventory
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Details Opening inventory Purchase Purchase Purchase Total Sale Sale Sale Sale Sale Total Closing inventory per stocktake Date 1/7/17 4/7/17 16/7/17 27/7/17 6/7/17 12/7/17 19/7/17 22/7/17 29/7/17 Values 100 units @ $7.50 600 units @ $7.75 300 units @ $8.00 400 units @ $8.50 1,400 units 160 units 180 units 160 units 120 units 180 units 800 units 600 units Cost $750 $4,650 $2,400 $3,400 $11,200 Details Opening inventory Purchase Purchase Purchase Total Sale Sale Sale Sale Sale Total Closing inventory per stocktake Date 1/7/17 4/7/17 16/7/17 27/7/17 6/7/17 12/7/17 19/7/17 22/7/17 29/7/17 Values 100 units @ $7.50 600 units @ $7.75 300 units @ $8.00 400 units @ $8.50 1,400 units 160 units 180 units 160 units 120 units 180 units 800 units 600 units Cost $750 $4,650 $2,400 $3,400 $11,200
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To calculate the cost of goods sold COGS and the ending inventory using the periodic inventory syste... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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