Question 4 of 5 -74 Brady Sports began operations on January 2 2020. The following...
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Question 4 of 5 -74 Brady Sports began operations on January 2 2020. The following stock record card for footballs was taken from the records at the end of the year. Units Received Unit Invoice Cost Gross Invoice Amount Date Voucher Terms 1/15 10624 Net 30 50 $ 20 $ 1.000 3/15 11437 1/5.net 30 65 16 1.040 6/20 21332 1/10.net 30 90 15 1.250 12 9/12 27644 1/10.net 30 84 1008 11/24 836 11 31269 1/10.net 30 76 Totals 55.234 365 A physical Inventory on December 31, 2020. reveals that 100 footballs were in stock. The bookkeeper inform you that all the discounts were taken. Assume that Brady Football Shop uses the invoice price less discount for recording purchases. (a) Compute the December 31, 2020, inventory using the FIFO method, (Round per unit and final answer to 2 decimal poces, es. 35.573 Ending Inventory using the FIFO method $ eTextbook and Media Attempts: 0 of 3 used Submit Answer Svora
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