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How to find ending inventory using the average inventory cost method
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The Boxwood Company Sells blankets for $60 each. Purchase 5 units 30$ Purchase 10 units 34$ Purchase 10 units 40$ Sale 3 units Sale 6 units Sale 3 units Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the average...
How do you find average inventory using only ending inventory and COGS?
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In searching the Internet on a method of how to do this, all examples include beginning inventory and purchases to determine average inventory. I know ending inventory for one year is beginning inventory for the next, but when you don't have information on purchases, how does one arrive at finding...
What is beginning inventory and ending inventory?
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Where are these got from the profit and loss account... Please see attached http://img18.imageshack.us/img18/7697/pandl.th.png
Determine the ending inventory under a perpetual inventory system
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Hi ! I've honestly spent a long time trying to figure this out, but I keep getting the answer wrong and I'm not sure how I should go about this question. I'm not asking for you to just give me the answer, if you have time to give a little explanation that would be nice so I could understand what...
Stock evaluation methods
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You are appointed financial accountant at a hardware store. Which of stock evaluation method would you use , LIFO,FIFO or weighted agverage and why. Thank you View more questions Search
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