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Following are the ABC Manufacturing Co. inventory records for the month of July. The company used perpetual inventory sy
Posted: Sun Jun 05, 2022 7:44 pm
by answerhappygod
- Following Are The Abc Manufacturing Co Inventory Records For The Month Of July The Company Used Perpetual Inventory Sy 1 (19.98 KiB) Viewed 41 times
Following are the ABC Manufacturing Co. inventory records for the month of July. The
company used perpetual inventory system and FIFO cost formula. Unit Total Date Explanation Units Cost Cost 1 Beginning inventory 6000 $5 $30000 10 Purchases 12000 $8 $96000 14 Sales (12000) 18 Purchases 5000 $10 $50000 20 Sales (5000) Calculate the cost of Goods Available for sale. O $156,000 $176,000 O $126,000 O $30,000