An entity is a wholesaler of office supplies. The activity for Model Il| calculators during July is shown below. If the entity uses moving average cost method, the ending inventory of Model III calculators at July 31 is reported as Balance/Transactions Inventory Date Units Cost July 1 2,000 P36.00 7 Purchases 3,000 37.20 12 Sales 3,600 Purchases 5,000 3,800 21 37.88 22 Sale 29 Purchases 1,600 38.11

An entity is a wholesaler of office supplies. The activity for Model Il| calculators during July is shown below. If the entity uses moving average cost method, the ending inventory of Model III calculators at July 31 is reported as Balance/Transactions Inventory Date Units Cost July 1 2,000 P36.00 7 Purchases 3,000 37.20 12 Sales 3,600 Purchases 5,000 3,800 21 37.88 22 Sale 29 Purchases 1,600 38.11

Accounting Information Systems

10th Edition

ISBN:9781337619202

Author:Hall, James A.

Publisher:Hall, James A.

Chapter9: Database Management Systems

Section: Chapter Questions

Problem 18P

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