Chapter 8 Problem 6

Chapter 8 Problem 6 - 1/1 Beginning inventory 1000 @ $12...

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Unformatted text preview: 1/1 Beginning inventory 1000 @ $12 $12,000 2/4 Purchases 2000 @ $18 $36,000 2/20 Sale 2500 @ $30 $75,000 4/2 Purchases 3000 @ $23 $69,000 11/4 Sale 2200 @ $33 $72,600 1/1 Beginning inventory 1000 @ $12 $12,000 2/4 Purchases 2000 @ $18 $36,000 4/2 Purchases 3000 @ $23 $69,000 6000 $117,000 2/20 Sale 2500 @ $30 $75,000 11/4 Sale 2200 @ $33 $72,600 4700 $147,600 P8-6. (a) 1. Ending Inventory(EI) = Beginning Inventory(BI) + Purchases (PUR) COGS 2. COGS = Beginning Inventory + Purchases - Ending Inventory2....
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Chapter 8 Problem 6 - 1/1 Beginning inventory 1000 @ $12...

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