Business, 25.03.2021 18:10 djmccarter

The beginning inventory of merchandise at Rhodes Co. and data on purchases and sales for a three-month period ending June 30 are as follows: Date Transaction Number of Units Per Unit Total
Apr. 3 Inventory 78 $450 $35,100
8 Purchase 156 540 84,240
11 Sale 104 1,500 156,000
30 Sale 65 1,500 97,500
May 8 Purchase 130 600 78,000
10 Sale 78 1,500 117,000
19 Sale 39 1,500 58,500
28 Purchase 130 660 85,800
June 5 Sale 78 1,575 122,850
16 Sale 104 1,575 163,800
21 Purchase 234 720 168,480
28 Sale 117 1,575 184,275

Required:
Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory

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The beginning inventory of merchandise at Rhodes Co. and data on purchases and sales for a three-mon...

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