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).
Requirements:
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Inventory Entries Practice Exercises
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- How many units were available for sale throughout the year?
- What was the total value of all goods available for sale throughout the year?
- How many physical units were sold?
- How many physical units are in ending inventory?
- What is the total sales value for all three sales?
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