Washington Warehouse is a small retail business that specializes in the sale of top-of-the-line televisions....
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Washington Warehouse is a small retail business that specializes in the sale of top-of-the-line televisions. This year, the store has begun to carry the Flat TV manufactured by Bass Co. Thus far, Washington has recorded the following transactions involving the Flat TV: Jan. 18 Purchased 13 additional Flat TVs at $1,400 each Feb. 12 Sold 9 Flat TVs to the Duke Hotel for a total price of $15,300 If Washington uses a perpetual inventory system, the gross profit on the Flat TVs as of February 12th is: $15,300 $4,100 $11,200 $2,700
Washington Warehouse is a small retail business that specializes in the sale of top-of-the-line televisions. This year, the store has begun to carry the Flat TV manufactured by Bass Co. Thus far, Washington has recorded the following transactions involving the Flat TV:
Jan. 18 Purchased 13 additional Flat TVs at $1,400 each
Feb. 12 Sold 9 Flat TVs to the Duke Hotel for a total price of $15,300
If Washington uses a perpetual inventory system, the gross profit on the Flat TVs as of February 12th is:
$15,300
$4,100
$11,200
$2,700
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