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January 01 Question 2: The following information relates to an inventory carried by a business: Beginning Inventory 400 units @ BD 30 each March 31 Purchases 600 units @ BD 40 each July 31 Sales 700 units @ BD 40 each October 31 Purchases 500 units @ BD 60 each December 31 Sales 400 units @ BD 50 each equired: ■lculate the value of closing inventory and Cost of Goods Sold, which under the WA ethod and FIFO method. The company uses the perpetual inventory system. Date an 01 tal Goods Purchased FIFO method Cost of Goods Sold Inventory Balance WA method Date Goods Purchased Cost of Goods Sold Inventory Balan 01

January 01 Question 2: The following information relates to an inventory carried by a business: Beginning Inventory 400 units @ BD 30 each March 31 Purchases 600 units @ BD 40 each July 31 Sales 700 units @ BD 40 each October 31 Purchases 500 units @ BD 60 each December 31 Sales 400 units @ BD 50 each equired: ■lculate the value of closing inventory and Cost of Goods Sold, which under the WA ethod and FIFO method. The company uses the perpetual inventory system. Date an 01 tal Goods Purchased FIFO method Cost of Goods Sold Inventory Balance WA method Date Goods Purchased Cost of Goods Sold Inventory Balan 01

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter13A: Perpetual Inventory Method: Lifo And Moving-average Methods
Section: Chapter Questions
Problem 2SPA: PERPETUAL: LIFO AND MOVING-AVERAGE Kelley Company began business on January 1, 20-1. Purchases and...
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January 01 Question 2: The following information relates to an inventory carried by a business: Beginning Inventory 400 units @ BD 30 each March 31 Purchases 600 units @ BD 40 each July 31 Sales 700 units @ BD 40 each October 31 Purchases 500 units @ BD 60 each December 31 Sales 400 units @ BD 50 each equired: ■lculate the value of closing inventory and Cost of Goods Sold, which under the WA ethod and FIFO method. The company uses the perpetual inventory system. Date an 01 tal Goods Purchased FIFO method Cost of Goods Sold Inventory Balance WA method Date Goods Purchased Cost of Goods Sold Inventory Balan 01
Transcribed Image Text:January 01 Question 2: The following information relates to an inventory carried by a business: Beginning Inventory 400 units @ BD 30 each March 31 Purchases 600 units @ BD 40 each July 31 Sales 700 units @ BD 40 each October 31 Purchases 500 units @ BD 60 each December 31 Sales 400 units @ BD 50 each equired: ■lculate the value of closing inventory and Cost of Goods Sold, which under the WA ethod and FIFO method. The company uses the perpetual inventory system. Date an 01 tal Goods Purchased FIFO method Cost of Goods Sold Inventory Balance WA method Date Goods Purchased Cost of Goods Sold Inventory Balan 01
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