Flying Tomato sells a snowboard, WhiteOut, that is popular with snowboard enthusiasts. Presented below is information rel Flying Tomato's purchases of WhiteOut snowboards during September. During the same month, 121 WhiteOut snowboards at $170 each. Flying Tomato uses a periodic inventory system. Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Explanation Inventory Purchases Purchases Purchases Totals Units 25 45 24 50 144 Unit Cost $100 106 110 112 Total Cost $2.500 4,770 2,640 5,600 $15,510
Flying Tomato sells a snowboard, WhiteOut, that is popular with snowboard enthusiasts. Presented below is information rel Flying Tomato's purchases of WhiteOut snowboards during September. During the same month, 121 WhiteOut snowboards at $170 each. Flying Tomato uses a periodic inventory system. Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Explanation Inventory Purchases Purchases Purchases Totals Units 25 45 24 50 144 Unit Cost $100 106 110 112 Total Cost $2.500 4,770 2,640 5,600 $15,510
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter9: Accounting For Purchases And Cash Payments
Section9.4: Accounting For Cash Payments
Problem 4AYU
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Transcribed Image Text:Flying Tomato sells a snowboard, WhiteOut, that is popular with snowboard enthusiasts. Presented below is information relating to
Flying Tomato's purchases of WhiteOut snowboards during September. During the same month, 121 WhiteOut snowboards were sold
at $170 each. Flying Tomato uses a periodic inventory system.
Date:
Sept. 1
Sept. 12
Sept. 19
Sept. 26
Explanation
Inventory
Purchases
Purchases
Purchases
Totals
Units
25
45
24
50
144
Unit Cost
$100
106
110
112
Total Cost
$2.500
4,770
2,640
5,600
$15,510
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