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July 22, 2014

Homework Help: accounting

Posted by Julie on Thursday, November 22, 2012 at 12:07am.

Anthony Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.


Date

Activities

Units Acquired at Cost

Units Sold at Retail





Mar.

1

Beginning inventory


170

units

@ $52.40/unit


Mar.

5

Purchase



260

units

@ $57.40/unit









Mar.

9


Sales






330 units

@ $87.40/unit



Mar.

18



Purchase



120

units

@ $62.40/unit



Mar.

25



Purchase



220 units

@ $64.40/unit


Mar.

29



Sales

200 units

@ $97.40/unit



Totals



770 units


530 units

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