Akshay Limited uses the average cost method in a perpetual inventory system. Fill in the missing amounts
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Akshay Limited uses the average cost method in a perpetual inventory system. Fill in the missing amounts for items [1] to [13] in the following perpetual inventory schedule. (Use unrounded numbers in your calculations but round to the nearest cent for presentation purposes in your answer.)
Transcribed Image Text:
Purchases Cost of Goods Sold Balance Date Units Cost TotaosUnitsostTotal S18 S270 14] 3] Ias] 13 12] Apr. 1 15 6 30$450 9 25 5 6 [9 14[0]2 12 144
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1 15 450 30 2 45 15 30 3 720 270 450 4 16 720 from 3 45 from 2 5 1...View the full answer
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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