Business, 26.06.2019 05:20 brookekolmetz
Acompany that uses the perpetual inventory system purchased 500 pallets of industrial soap for $10,000 and paid $750 for the freight-in. the company sold the whole lot to a supermarket chain for $14,000 on account. the company uses the specific-identification method of inventory costing. which of the following entries correctly records the cost of goods sold? a. cost of goods sold10,750merchandise inventory10,750b. cost of goods sold10,000sales revenue10,000c. cost of goods sold10,000merchandise inventory10,000d. merchandise inventory10,750cost of goods sold10,750
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Acompany that uses the perpetual inventory system purchased 500 pallets of industrial soap for $10,0...
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Geography, 23.07.2019 08:30
