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Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Edition 3ISBN: 978-0132962339Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Edition 3ISBN: 978-0132962339 Exercise 10
Journalizing inventory transactions-average cost
Use the Mountain Cycles data in Short Exercise 6-5.
Requirements
1. Journalize the August 16 purchase of inventory on account.
2. Journalize the August 31 sale of inventory on account. Mountain sold each bicycle for $84.
3. Journalize the Cost of goods sold under average cost on August 31.
Use the Mountain Cycles data in Short Exercise 6-5.
Requirements
1. Journalize the August 16 purchase of inventory on account.
2. Journalize the August 31 sale of inventory on account. Mountain sold each bicycle for $84.
3. Journalize the Cost of goods sold under average cost on August 31.
Explanation
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Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
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