6. The axons using perpetual inventory system, based on given data: Sept. 1 Sept.3 Sept.5 Sept. 12 Sept.13 Sept. 18 Sept. 22 Sept.24 Sept.27 Beginning inventory consisted of 10 bicycles costing $200 each. Purchased 8 bicycles costing $250 each. Sold 15 units during the month of bicycles Purchased 13 bicycles costing $300 cach. Sold 12 units during the month of bicycles Purchased 5 bicycles costing $300 each. Sold 4 units during the month of bicycles Purchased 14 bicycles costing $320 each. Sold 8 units during the month of bicycles.
6. The axons using perpetual inventory system, based on given data: Sept. 1 Sept.3 Sept.5 Sept. 12 Sept.13 Sept. 18 Sept. 22 Sept.24 Sept.27 Beginning inventory consisted of 10 bicycles costing $200 each. Purchased 8 bicycles costing $250 each. Sold 15 units during the month of bicycles Purchased 13 bicycles costing $300 cach. Sold 12 units during the month of bicycles Purchased 5 bicycles costing $300 each. Sold 4 units during the month of bicycles Purchased 14 bicycles costing $320 each. Sold 8 units during the month of bicycles.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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