Business, 24.10.2019 21:43, anthony1366
Acompany uses a periodic inventory system. on august 1, the company had 6 items of beginning inventory with a cost of $7 per unit. on august 3, the company purchased 16 units at $14 per unit. then, on august 5, the company sold 12 units. the 12 units sold consisted of 7 units from the august 3rd purchase and 5 units from the august 1st beginning inventory. using specific identification, the cost of the 12 units sold is
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Acompany uses a periodic inventory system. on august 1, the company had 6 items of beginning invento...
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