Business, 08.03.2021 22:30 ChessieGiacalone
Kangaroo Jim Company reported beginning inventory of 100 units at a per unit cost of $25. It had the following purchase and sales transactions during the year: Jan. 14 Sold 25 units at unit sales price of $45 on account. Apr. 9 Purchased 15 additional units at a per unit cost of $25 on account. Sept. 2 Sold 50 units at a sales price of $50 on account. Dec. 31 Counted inventory and determined 40 units were still on hand. Record each transaction, assuming that Kangaroo Jim Company uses a periodic inventory system.
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Kangaroo Jim Company reported beginning inventory of 100 units at a per unit cost of $25. It had the...
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