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Bonivesta Inc., a general merchandiser, uses the periodic inventory system. Transactions recorded for Jan 2022 are as follows: 1 January 2 January 4 January 6 January 7 January Opening inventory Issued Received Received Issued 200 units 70 units 130 units 150 units 307 units @R10 per unit @R12 per unit @R13 per unit

Bonivesta Inc., a general merchandiser, uses the periodic inventory system. Transactions recorded for Jan 2022 are as follows: 1 January 2 January 4 January 6 January 7 January Opening inventory Issued Received Received Issued 200 units 70 units 130 units 150 units 307 units @R10 per unit @R12 per unit @R13 per unit

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Bonivesta Inc., a general merchandiser, uses the periodic inventory system. Transactions recorded for January 2022 are as follows: 1 January 2 January 4 January 6 January 7 January Opening inventory Issued OA. R3 471 OB. R4 171 O C. R3 560 OD. R4 302 200 units 70 units 130 units 150 units 307 units @R10 per unit Received Received Issued 10 January Stock taking Using the first-in first-out method, calculate the costs of goods sold during the period. @R12 per unit @R13 per unit
Transcribed Image Text:Bonivesta Inc., a general merchandiser, uses the periodic inventory system. Transactions recorded for January 2022 are as follows: 1 January 2 January 4 January 6 January 7 January Opening inventory Issued OA. R3 471 OB. R4 171 O C. R3 560 OD. R4 302 200 units 70 units 130 units 150 units 307 units @R10 per unit Received Received Issued 10 January Stock taking Using the first-in first-out method, calculate the costs of goods sold during the period. @R12 per unit @R13 per unit
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