Business, 06.06.2020 18:59 katieabby9525

At the beginning of Octobe Bowser Co's Inventory consists of 50 urits witn a cost cer urit of 50 The following transactions occur during the month of Octobe October 4 Purchase 130 units of from Naluigi October 5 Pay cash for freight charges related to the October 4 purchase October 9 Return 18 defective units from the October 4 purchase and receive credit. October 12 Pay Waluigi Co. in full October 15 Sell 160 units of inventory to customers on account, $12,8e0. October 19 Receive full payment from customers related to the sale on October 15. October 28 Purchase 109 units of inventory from Waluigi Co. for $78 per unit, teres 2/10, n/30. October 22 Sell 100 units of inventory to customers for cash, $8,0. Required: Assuming that Bowser Co. uses a FIFO perpetual inventory system to maintain its Inventory records, record the transactions of no entry is required for a transaction/event.

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At the beginning of Octobe Bowser Co's Inventory consists of 50 urits witn a cost cer urit of 50 The...

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