Using Perpetual Inventory, identify cost of goods sold expense for Oct 2021 # Units Cost Sale price 01-Oct Opening Inventory 500 $10,000.00 04-Oct Sales 100 $4,000.00 07-Oct 11-Oct Purchase 300 $6,300.00 Sales 225 $9,225.00 15-Oct 17-Oct 18-Oct Purchase 350 $6,650.00 Sales 175 $6,650.00 Sales 275 $10,725.00 Using Weighted Average, provide Closing Inventory

Using Perpetual Inventory, identify cost of goods sold expense for Oct 2021 # Units Cost Sale price 01-Oct Opening Inventory 500 $10,000.00 04-Oct Sales 100 $4,000.00 07-Oct 11-Oct Purchase 300 $6,300.00 Sales 225 $9,225.00 15-Oct 17-Oct 18-Oct Purchase 350 $6,650.00 Sales 175 $6,650.00 Sales 275 $10,725.00 Using Weighted Average, provide Closing Inventory

Name: Using Perpetual Inventory, identify cost of goods sold expense for Oc
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Description: Using Perpetual Inventory, identify cost of goods sold expense for Oct 2021# UnitsCostSale price01-OctOpening Inventory500$10,000.0004-OctSales100$4,000.0007-OctPurchase300$6,300.0011-OctSales225$9,225.0015-OctPurchase350$6,650.0017-Oct18-OctSales$6

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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Using Perpetual Inventory, identify cost of goods sold expense for Oct 2021 # Units Cost Sale price 01-Oct Opening Inventory 500 $10,000.00 04-Oct Sales 100 $4,000.00 07-Oct Purchase 300 $6,300.00 11-Oct Sales 225 $9,225.00 15-Oct Purchase 350 $6,650.00 17-Oct Sales 175 $6,650.00 18-Oct Sales 275 $10,725.00 Using FIFO, provide Closing Inventory Question 5 options: 7565.23 7415.65 7433.44 7395.58
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