The following information relates to Pronghorn Back Falls Ltd's inventory transactions during the month of February. Feb. 1 Beginning inventory 10 14 18 25 26 28 Sale Purchase Purchase Sale Purchase Sale Units 7,950 6,890 4,240 530 4,240 4,240 3,074 Cost/Unit $25.00 $26.00 $28.00 Amount All of the units sold were priced at $87.00 per unit. $198,750 $110,240 $14,840 $37.00 $156,880

The following information relates to Pronghorn Back Falls Ltd's inventory transactions during the month of February. Feb. 1 Beginning inventory 10 14 18 25 26 28 Sale Purchase Purchase Sale Purchase Sale Units 7,950 6,890 4,240 530 4,240 4,240 3,074 Cost/Unit $25.00 $26.00 $28.00 Amount All of the units sold were priced at $87.00 per unit. $198,750 $110,240 $14,840 $37.00 $156,880

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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