Please help me Flint Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operDate:Aug 23101525ExplanationPurchasesPurchases.SalesPurchasesSalesUnit CostUnits$69104240515(322)933(312)Total Cost$16,56053,560124115,692Balance in Units2407554331,3661,054 (b)Calculate the cost of goods sold and ending inventory using the average cost method. (Round average cost per unit to 2decimal places, e.g. 1.25. Round intermediate and final answers to 0 decimal places, e.g. 5,125.)Cost of goods sold $Ending inventory$eTextbook and MediaSave for LaterAttempts: 0 of 2 usedSubmit Answer

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Description: Please help me Flint Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operDate:Aug 23101525ExplanationPurchasesPurchases.SalesPurchasesSalesUnit CostUnits$69104240515(322)933(312)Total Co

INVENTORY VALUATIONInventory Valuation is a Method of Calculation of Value of Inventory at the End…

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Flint Limited uses a perpetual inventory system. The inventory records show the following data for its first month of oper Date: Aug 2 3 10 15 25 Explanation Purchases Purchases: Sales Purchases Sales Units 240 515 (322) 933 (312) Unit Cost $69 104 Total Cost $16,560 53,560 124 115,692 Balance in Units 240 755 433 1,366 1,054

Flint Limited uses a perpetual inventory system. The inventory records show the following data for its first month of oper Date: Aug 2 3 10 15 25 Explanation Purchases Purchases: Sales Purchases Sales Units 240 515 (322) 933 (312) Unit Cost $69 104 Total Cost $16,560 53,560 124 115,692 Balance in Units 240 755 433 1,366 1,054

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter11: Work Sheet And Adjusting Entries

Section: Chapter Questions

Problem 3E: Basga Company uses the periodic inventory system. Beginning inventory amounted to 241,072. A...

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