Inventory Entries Practice Exercises

Below is a record of the purchases and sales of inventory throughout the first four months (See Instruction 1 attachment image).


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  1. How many units were available for sale throughout the year?
  2. What was the total value of all goods available for sale throughout the year?
  3. How many physical units were sold?
  4. How many physical units are in ending inventory?
  5. What is the total sales value for all three sales?

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