Answer: Perpetual
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Under the ______ inventory method accounting records maintain it continuously update inventory value:
Under the _____ inventory method accounting records maintain a continuously updated inventory value . perpetual Using a perpetual system what is the cost of the merchandise sold for NOVEMBER if the company uses LIFO?
Debit cost of merchandise sold credit merchandise inventory . Under the ______ inventory method accounting records maintain it continuously update inventory value : Perpetual. When using perpetual inventory system the journal entry to record the cost of merchandise sold is:
Start studying ch 7 accounting . Learn vocabulary terms and more with flashcards games and other study tools. ... Under the _____ inventory method accounting records maintain a continuously updated inventory value . perpetual.
Start studying Accounting I test 1 part 4. Learn vocabulary terms and more with flashcards games and other study tools. ... Under a perpetual inventory system the amount of each type of merchandise on hand is available in the ... Under the _____ inventory method accounting records maintain a continuously updated inventory value .
Garrison Company uses the retail method of inventory costing . They started the year with an inventory that had a retail cost of $45 000. During the year they purchased an inventory with a retail cost of $300 000. After performing a physical inventory they calculated their inventory cost at retail to be $80 000. The mark up is 100% of cost.
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