Lockout Company revealed the following inventory transactions: CoursHeroTranscribedText: Jan. 1 10 15 16 25 26...
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Accounting
Lockout Company revealed the following inventory transactions:
CoursHeroTranscribedText: Jan. 1 10 15 16 25 26 31 Beginning balance, 16,000'units @ i140 Purchased 4,000 units @ r150 Issued 15,000 units to production Purchased 20,000 units @ 1-150 Returned 1,000 units to supplier from January 15 purchase Issued 8,000 units to production Production returned 4,000 units to stateroom from the January 25 issue Purchased 30,000 units @ P150
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