P6-71B (Learning Objective 2, 3: Computing inventory by three methods-perpetual system) SWAT Team Surplus began...
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P6-71B (Learning Objective 2, 3: Computing inventory by three methods-perpetual system) SWAT Team Surplus began July with 66 tents that cost 23 each. During the month, SWAT Team Surplus made the following purchases at cost Jul 4 19 25 105 tents @ 25 = 2625 157 tents @ 27 = 4,239 37 tents @ 28 = 1,036 SWAT Team Surplus sold 310 tents, and at July 31 the ending inventory consists of 55 tents. The sale price of each tent was 53
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