Take me to the text Suppose that on November 20, 2021, both Company A and Company B sold inventory with a cost of $38,800. The updated balance of inventory as at November 1 for both companies was $104, 700. Company A uses the perpetual inventory system. Company B uses the periodic inventory system and performs an inventory count at the end of each month. What is the value of inventory as at November 20 for each company? Do not enter dollar signs or commas in the input boxes. Company Inventory System Value of Inventory on November 20 A Perpetual SAnswer B Periodic $Answer
Take me to the text Suppose that on November 20, 2021, both Company A and Company B sold inventory with a cost of $38,800. The updated balance of inventory as at November 1 for both companies was $104, 700. Company A uses the perpetual inventory system. Company B uses the periodic inventory system and performs an inventory count at the end of each month. What is the value of inventory as at November 20 for each company? Do not enter dollar signs or commas in the input boxes. Company Inventory System Value of Inventory on November 20 A Perpetual SAnswer B Periodic $Answer
Chapter1: Financial Statements And Business Decisions
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