North Hills, Inc. sells an Xpert snowshoe that is popular with snowshoe enthusiasts. The following...
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Accounting
North Hills, Inc. sells an Xpert snowshoe that is popular with snowshoe enthusiasts. The following information shows North Hillss purchases and sales of Xpert snowshoes during January:
Date
Explanation
Units
Unit Cost
Unit Sales Price
Jan.
1
Beginning inventory
33
$300
7
Purchases
23
305
14
Sales
(37
)
$490
19
Purchases
43
310
22
Sales
(46
)
501
25
Purchases
35
315
51
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