Presented below is information related to Bramble Enterprises Jan 31 Feb 28 Mar 31 Apr 30 Inventory at cost $15,300 $15,402 $17,340 $14,280 Inventory at LCNRV 14,790 12,852 15,912 13,566 Purchases for the month 17,340 24,480 27,030 Sales for the month 29,580 35,700 40,800 (a) From the information, ...

answer Answer Particulars February March April Sales Revenue A 29580 35700 40800 Cost of Goods Sold ...

Presented below is information related to Bramble Enterprises. Jan. 31 Feb. 28 Mar. 31 Apr. 30 Inventory

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Presented below is information related to Bramble Enterprises.

	Jan. 31	Feb. 28	Mar. 31	Apr. 30
Inventory at cost	$15,300	$15,402	$17,340	$14,280
Inventory at LCNRV	14,790	12,852	15,912	13,566
Purchases for the month		17,340	24,480	27,030
Sales for the month		29,580	35,700	40,800

(a)
From the information, prepare (as far as the data permit) monthly income statements in columnar form for February, March, and April. The inventory is to be shown in the statement at cost; the gain or loss due to market fluctuations is to be shown separately (using a valuation account). (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)