Beginning inventory, purchases, and sales data for portable DVD players are as follows:
...
Business, 10.04.2020 03:16 frandariusscott
Beginning inventory, purchases, and sales data for portable DVD players are as follows:
Apr. 1 Inventory 120 units at $26
10 Sale 90 units
15 Purchase 140 units at $28
20 Sale 110 units
24 Sale 40 units
30 Purchase 160 units at $30
The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of merchandise sold for each sale and the inventory balance after each sale.
Answers: 1
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