a+2 Net Solutions reported the following October purchases and sales data for one of merchandise it...
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a+2 Net Solutions reported the following October purchases and sales data for one of merchandise it deals. The company uses a perpetual inventory system. 1) Prepare the company's inventory record using FIFO. 2) Identify cost of goods sold for the month and the profit of the month. 3) Journalize the transactions on October 16 GANA ALLAH Gand 24. GANA Date Item Oct. 1- Beginning Inventory. 9 Sales 16 Purchase- 24 Sales LAH Quantity (Units) 9. 20 18. 12 16 Unit Price 83. 89. 120 91- 120 a+2 Net Solutions reported the following October purchases and sales data for one of merchandise it deals. The company uses a perpetual inventory system. 1) Prepare the company's inventory record using FIFO. 2) Identify cost of goods sold for the month and the profit of the month. 3) Journalize the transactions on October 16 GANA ALLAH Gand 24. GANA Date Item Oct. 1- Beginning Inventory. 9 Sales 16 Purchase- 24 Sales LAH Quantity (Units) 9. 20 18. 12 16 Unit Price 83. 89. 120 91- 120
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Step 13 Solution 1 Prepare the companys inventory record using FIFO Dat e 10 cto ber 90 cto ... View the full answer
Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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