Thursday
April 17, 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

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Accounting 225 - Parker Company uses a perpetual inventory system. It entered ...
accounting - Schumacher Company uses the perpetual inventory system, and it ...
Math - On July 15,2009, the Nixon Car Company purchased 1,000 tires from the ...
accounting - A company uses a sales journal, purchases journal, cash receipts ...
business accounting - Lakie uses a perpetual inventory system. Ending inventory ...
accounting - A company purchased 1000 units of inventory on September 25 and the...
ACCOUNTING - A company purchased 1000 units of inventory on September 25 and ...
Accounting - Using a perpetual system, how do I determine the FIFO,LIFO, ...
accounting - i. On February 27th, the company sold goods on account to CUSTOMER...
Thara - i. On February 27th, the company sold goods on account to CUSTOMER, $1,...

Search
Members