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Business, 29.03.2021 23:20 mccdav5100

A company reported beginning inventory of 100 units at a per unit cost of $25. It had the following purchase and sales transactions during the year: Jan. 14 Sold 25 units at unit sales price of $45 on account. Apr. 9 Purchased 15 additional units at a per unit cost of $25 on account. Sept. 2 Sold 50 units at a sales price of $50 on account. Dec. 31 Counted inventory and determined 35 units were still on hand. Record the month-end journal entries noted below, assuming the company uses a periodic inventory system

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A company reported beginning inventory of 100 units at a per unit cost of $25. It had the following...
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