The units of an item available for sale during the year were as follows: There are 104
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The units of an item available for sale during the year were as follows:
There are 104 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost and the cost of merchandise sold by three methods, presenting your answers in the following form:
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Related Book For
Accounting
ISBN: 978-1285743615
26th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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DAYS OF WORKING CAPITAL 2012 2013 Inventories $450,000 $490,000 Trade receivables 360.000 385.000 Sub-total 810,000 875,000 Trade and other payables 400.000 440.000 Net working capital $410,000...
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