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DEC 7 10 [email protected] DEC 14 20 UNITS @ 12.00 DEC 21 15 UNITS @ 14.00 Trader sells 15 units for $25 each on Dec 15. Eight of the sold units are from the Dec 7 purchase and seven are from the Dec 14 purchase. Trader uses a perpetual inventory system. Determine the costs assigned to the Dec 31...
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Can someone explain this process to me as if I am two. I am not getting this and I don't know why. Dec 7 310 units @ 3.00 unit cost Dec 14 20 units @ 3.20 Dec 21 15 units @ 14.00 Trader sells 15 units for 25 dollars each on Dec 15. Eight of the sold units are from ythe Dec 7 purchase... View more questions Search
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