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horrorfan [7]
3 years ago
11

Beginning inventory, purchases, and sales for Item Zeta9 are as follows:

Business
1 answer:
Taya2010 [7]3 years ago
5 0

Answer:

(a) The cost of goods sold on October 24

: $552

(b) The inventory on October 31: $532, (with 19 units)

Explanation:

The company uses a perpetual inventory system and using the first-in, first-out (FIFO) method for Item Zeta9, the answers are explaned with the help of the attached file:

The Cost of goods sold on October 24: $300+$252=$552                              

Download xlsx
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