Solution-Prepare journal entries to record purchases and

Prepare journal entries to record purchases and sales

Reference no: EM132782831

Snow-Tech Inc. sells an Xpert ski that is popular with ski enthusiasts. The following information shows Snow-Tech's purchases and sales of Xpert ski during November:

Date		Explanation	Units		Unit Cost/Price
Nov.	1	Beginning inventory	34		$296
	5	Purchases	23		301
	12	Sales	(40	)	$461
	19	Purchases	42		306
	22	Sales	(48	)	513
	25	Purchases	33		311
			44

problem 1: Prepare journal entries to record purchases and sales for Snow-Tech in a periodic inventory system using average cost

Reference no: EM132782831

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Prepare journal entries to record purchases and sales

Reference no: EM132782831

Reference no: EM132782831

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