Shown below is activity for one of the products of Denver Office Equipment: January 1 balance,...
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Shown below is activity for one of the products of Denver Office Equipment: January 1 balance, 580 units @ $60 per unit $34,800 Purchases: January 10: January 20: Sales: January 12: January 28: 580 units @ $65 per unit 1,040 units @ $68 per unit 900 units 780 units Required Compute the January 31 ending inventory and costs of goods sold for January, assuming denver uses average cost and a periodic inventory system. Shown below is activity for one of the products of Denver Office Equipment: January 1 balance, 580 units @ $60 per unit $34,800 Purchases: January 10: January 20: Sales: January 12: January 28: 580 units @ $65 per unit 1,040 units @ $68 per unit 900 units 780 units Required Compute the January 31 ending inventory and costs of goods sold for January, assuming denver uses average cost and a periodic inventory system.
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Calculation of the total cost of units available for sale January 1 balance 580 units 60 per unit 34... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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