Question

The MJM Company uses the perpetual inventory system with a subsidiary ledger for inventory. Enter the following information in the inventory balance for product U47. Be sure to keep the balance on hand up-to-date.
201X
Nov. 5 Purchased 5 units at a cost of $10 each. (Inventory on hand prior to this purchase was zero units.)
6 Sold 1 unit for $16.
7 Sold 2 units for $15.50.
10 Purchased 20 additional units at a cost of $10 each.



$1.99
Sales0
Views80
Comments0
  • CreatedApril 24, 2014
  • Files Included
Post your question
5000