Presented below is information related to Swifty Enterprises. Inventory at cost Inventory at LCNRV Purchases...
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Accounting
Presented below is information related to Swifty Enterprises. Inventory at cost Inventory at LCNRV Purchases for the month Sales for the month Jan. 31 Feb. 28 $15.450 $15.553 14,935 12,978 17,510 29,870 Mar. 31 $17.510 16,068 24,720 36,050 Apr. 30 $14,420 13.699 27295 41.200 Part 1 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 eg.-45 or parentheseses (451) February March April
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