Periodic inventory Using the periodic inventory method, compute the cost of goods sold for the following exercise:
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Periodic inventory Using the periodic inventory method, compute the cost of goods sold for the following exercise:
Date | Detail | Quantity | (unit cost) |
May 1 | Initial inventory | 12 | $112 |
6 | Sale | 6 | |
8 | Purchase | 18 | 103 |
13 | Sale | 8 | |
30 | Sale | 4 |
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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