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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