9 Recording Periodic Example 12 Lothridge Wholesale Beverage Company LWBC

9 recording periodic example 12 lothridge wholesale

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9 Recording: Periodic Example (1/2) Lothridge Wholesale Beverage Company (LWBC) begins 2013 with $120,000 in inventory. During the period it purchases on account $600,000 of merchandise for resale to customers. During 2013, LWBC sold, on account, inventory with a retail price of $820,000 and a cost basis of $540,000, to customers.
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10 Recording: Periodic Example (2/2)
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