Flounder Skateshop Ltd. reports the following inventory transactions for its skateboards for the month of April. The company uses the perpetual inventory system. Date Explanation Units Unit Cost/Price Total Cost Apr. Beginning inventory 30 $45 $1,350 6. Purchases 15 44 660 9. Sales (35 ) 80 14 Purchases 20 43 860 20 Sales (25 ) 80 28 Purchases 20 37 740
Flounder Skateshop Ltd. reports the following inventory transactions for its skateboards for the month of April. The company uses the perpetual inventory system. Date Explanation Units Unit Cost/Price Total Cost Apr. Beginning inventory 30 $45 $1,350 6. Purchases 15 44 660 9. Sales (35 ) 80 14 Purchases 20 43 860 20 Sales (25 ) 80 28 Purchases 20 37 740
Chapter1: Financial Statements And Business Decisions
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