Presented below is information related to Bramble Enterprises. ...
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Accounting
Presented below is information related to Bramble Enterprises.
Jan. 31
Feb. 28
Mar. 31
Apr. 30
Inventory at cost
$17,100
$17,214
$19,380
$15,960
Inventory at LCNRV
16,530
14,364
17,784
15,162
Purchases for the month
19,380
27,360
30,210
Sales for the month
33,060
39,900
45,600
(a)
From the information, prepare (as far as the data permit) monthly income statements in columnar form for February, March, and April. The inventory is to be shown in the statement at cost; the gain or loss due to market fluctuations is to be shown separately (using a valuation account
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