Granot Ltd uses the perpetual inventory method. At the beginning of the month, inventory costing $145 890
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Granot Ltd uses the perpetual inventory method. At the beginning of the month, inventory costing $145 890 was on hand. Purchases for the month totalled $267 540 and cost of goods recorded as sold totalled $258 310. At the end of the month, a count showed inventory costing $152 730 to be on hand. What, if anything, was the inventory shortage for the month?
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145 890 267 540 258 310 155 120 ...View the full answer
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Douglas Makokha
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Related Book For 
Financial Accounting An Integrated Approach
ISBN: 9780170411028
7th Edition
Authors: Ken Trotman, Elizabeth Carson
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