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
Chapter1: Financial Statements And Business Decisions
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