• During June 250 units were returned as damaged by customers. Alex credited the sale price to the customers’ accounts. The units have to be checked, refurbished, and cleaned up at a cost of $10 per unit before they can be resold. These units are usually sold at a 60% discount from the retail price. During June Alex sold 100 of these refurbished units for $28 each.

Answer rating: 100% (QA)

FIFO PERPETUAL Date Purchases Sales Balance units unit cost total Units Unit cost Total Units ... View the full answer