Presented below is information related to Monty Enterprises. Jan. 31 Feb. 28 Mar. 31 Apr....
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Accounting
Presented below is information related to Monty Enterprises. Jan. 31 Feb. 28 Mar. 31 Apr. 30 Inventory at cost Inventory at LCNRV Purchases for the month Sales for the month $15,900 15,370 $16,006 $18,020 $14,840 14,098 28,090 42,400 13,356 18,020 30,740 16,536 25,440 37,100 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). (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) February March April Attempts: 0 of 7 used
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