Complete Inventory Table A for total cost of purchases, goods available for sale, cost of goods available

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Complete Inventory Table A for total cost of purchases, goods available for sale, cost of goods available for sale, and ending inventory using the specific inventory method. Total retail value is calculated in Exercise 21.

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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Question Posted: Mar 11, 2016 02:03 AM

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Complete Inventory Table A for total cost of purchases, goods available for sale, cost of goods available

Question:

Total retail value Date of purchase Beginning inventory February 5 February 19 March 3 Goods available for sale Units sold Ending inventory Units purchased 42 21 17 28 Cost per unit $850 $1,760 $965 $480 Retail price per unit $975 $2,115 $1,206 $600 Total cost 74

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Beginning inventory at cost 42850 35700 Total cost of ...View the full answer

Business Math

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