37. Inventory records for MOM Company revealed the following: Unit Number of Units Date Mar....
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37. Inventory records for MOM Company revealed the following: Unit Number of Units Date Mar. 1 Mar. 6 Mar. 16 Mar. 23 Transaction Beginning inventory Purchase Purchase Purchase 200 100 Cost $85.00 $85.00 $86.00 $87.00 MOM sold 390 units of inventory during the month. Ending inventory assuming FIFO would be 38. Inventory records for STC Company revealed the following: Date Mar. 1 Mar. 3 Mar. 23 Transaction Beginning inventory Purchase Purchase Number of Units 50 200 Unit Cost $25.00 $25.50 $26.20 150 STC sold 355 units of inventory during the month. Ending inventory assuming Weighted Average would be Use the following to answer questions 39-40 MATCH... For each of the following independent situations, fill in the blanks to indicate the effect of the error o of the various financial statement items. Assume that each of the companies uses a periodic inventory system Indicate
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