dont give answer of this question Pronghorn Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations:DateAug.23101525Explanation Units Unit Cost$69104PurchasesPurchasesSalesPurchasesSales253509(284)892(335)126Total Cost Balance in Units$17,45725352,936112,3927624781,3701,035 Pronghorn Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations:DateAug.23101525Explanation Units Unit Cost$69104PurchasesPurchasesSalesPurchasesSales253509(284)892(335)126Total Cost Balance in Units$17,45725352,936112,3927624781,3701,035

The inventory can be valued using various methods as FIFO, LIFO and weighted average method. Using…

Pronghorn Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations Explanation Units Unit Cost Purchases 253 $69 104 Date Aug. 2 3 10 15 Purchases Sales Purchases 25 Sales 509 (284) 892 (335) 126 Total Cost $17.457 52,936 112,392 Balance in Units 253 762 478 1,370 1,035

Pronghorn Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations Explanation Units Unit Cost Purchases 253 $69 104 Date Aug. 2 3 10 15 Purchases Sales Purchases 25 Sales 509 (284) 892 (335) 126 Total Cost $17.457 52,936 112,392 Balance in Units 253 762 478 1,370 1,035

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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