Beginning inventory, purchases, and sales for item zeta9 are as follows:
oct.1inventory...
Business, 09.11.2019 04:31 aeverettpdzrvo
Beginning inventory, purchases, and sales for item zeta9 are as follows:
oct.1inventory43 units @ $25
7sale 31units
15purchase28 units @ $28
24sale 21units
assuming a perpetual inventory system and using the first-in, first-out (fifo) method, determine
(a) the cost of goods sold on october 24
(b) the inventory on october 31.
Answers: 3
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