Solution-Determine the cost of goods sold on october

Determine the cost of goods sold on october

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Reference no: EM132654790

Perpetual Inventory Using FIFOBeginning inventory, purchases, and sales for Item Zeta9 are as follows:

Oct. 1 nventory 43 units @ $187

7 Sale 35 units

15 Purchase 27 units @ $2024

24 Sale 17 units

Problem 1: Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of goods sold on October 24 and (b) the inventory on October 31.

a. Cost of goods sold on October 24 $

b. Inventory on October 31

Reference no: EM132654790

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Determine the cost of goods sold on october

Reference no: EM132654790

Reference no: EM132654790

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