Pronghorn Inc. has provided you with the following information. This company purchases its inventory from a supplier for cash and h only cash sales. Pronghorn uses the average cost formula in a perpetual inventory system. Increased competition has recently reduce the price of the product. Date Apr. 1 6 8 15 20 27 Explanation Beginning inventory Purchases Sales Purchases Sales Purchases Units 50 110 (130) 120 (120) 20 Unit Cost $84 90 70 58 Unit Price $121 96

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Q: Ameto $3 $4 B C D $2 $5 Realizable Value $4 $2 $4 $2 Down per Unit 2 ▬▬▬ 3 3,000 1,500 7,000 3,000…

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A: If you have any questions let me know in comment box thankyou for your question.

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.