days sales in inventory quizlet
1 Inventory 175 units at 30 7 Sale 155 units 15 Purchase 200 units at 33 24 Sale 140 units Assuming a perpetual inventory system and using the first-in first-out FIFO method determine a the cost of goods sold on October 24 and b the inventory on October 31. Beginning inventory purchases and sales for Item Zeta9 are as follows.
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Under a perpetual inventory system.
. Number of days in the discount period.
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