North Hills, Inc. sells an Xpert snowshoe that is popular with snowshoe enthusiasts. The following...
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North Hills, Inc. sells an Xpert snowshoe that is popular with snowshoe enthusiasts. The following information shows North Hillss purchases and sales of Xpert snowshoes during January:
| Date | Explanation | Units | Unit Cost | Unit Sales Price | ||||||||
| Jan. | 1 | Beginning inventory | 33 | $300 | ||||||||
| 7 | Purchases | 23 | 305 | |||||||||
| 14 | Sales | (37 | ) | $490 | ||||||||
| 19 | Purchases | 43 | 310 | |||||||||
| 22 | Sales | (46 | ) | 501 | ||||||||
| 25 | Purchases | 35 |
| 315 | ||||||||
| 51 |
| |||||||||||
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