Question: 1. valuing inventory & recording entries using relative sales value method Valuing Inventory and Recording Entries Using Relative Sales Value Method AVC Inc, purchased 1,920

1. valuing inventory & recording entries using relative sales value method

Valuing Inventory and Recording Entries Using Relative Sales Value Method AVC Inc, purchased 1,920 bass of pecans that cost 56,720 , The company also incurred $480 for transportation and grading. The relative sales value method is used to allocate the fump sum cost. The pecans graded out as follows: kequired a. Prepare the purchase encry assuming a perpecual invertory system. Note: Carry all decimals in caloulabons, round the final answer to the nesrest doltar

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