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Business, 20.07.2019 00:20 bdgray7759

Widget tek inc.’s original accountant accepted a position with another firm and left in early march. you have been asked to review the subsidiary inventory ledger record for widget tek inc.’s main product for march. date inventory quantity unit cost total cost mar. 1 850 $98.00 $83,300 1,275 $95.00 $121,125 mar. 8 650 $98.00 $63,700 mar. 11 325 $98.00 $31,850 mar. 14 325 $98.00 $31,850 780 $103.00 $80,340 mar. 22 260 $98.00 $25,480 mar. 25 260 $98.00 $25,480 1,700 $99.00 $168,300 the inventory schedule shows ending balances by date. the challenge is to determine purchases and cost of goods sold by comparing the ending inventory balances on each date. assume only one transaction was made to account for the difference. study the inventory record for march and answer the questions that follow.

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