Question: FULL SCREEN PRINTER VERSION Carla Vista Co. sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows
FULL SCREEN PRINTER VERSION Carla Vista Co. sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Carla Vista's purchases and sales 4 BACK NEXT of the ultra-lightweight snowboard in October: Unit Purchase Date Transaction Unit Sales Units Price Price Oct. 1 Beginning inventory 25 $297 10 Purchase 30 305 12 Sale (42) $470 13 Purchase 35 311 25 Sale (45) 480 27 Purchase 20 317 Assume that all of Carla Vista's sales are for cash and all of its purchases are on account. Record the purchase on October 10 and sale on October 12 for Carla Vista Co. in a perpetual inventory system under (1) FIFO and (2) weighted average (Round the weighted average cost per unit to three decimal places, e.g. 5.275 and final answers to 2 decimal places, .g. 5,275.25. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Debit Credit Date Account Titles and Explanation Perpetual-FIFO Oct. 10 (To record purchase on account.) Oct. 12
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