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## Assuming that the Bueno keeps perpetual inventory

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Assuming that the Bueno keeps perpetual inventory Use the following information for questions 1â€“3. Bueno Companyâ€™s purchase and sales transactions for the month of July were as follows: Purchases July 3 (balance) 2,000@ â‚¬4.00 16 6,000@ 4.40 30 2,000@ 4.75 The company sold 4,000 units on July 22. 1. Assuming that the Bueno keeps perpetual inventory records, Julyâ€™s cost of goods sold on a FIFO basis is a. â‚¬16,800. b. â‚¬17,200. c. â‚¬26,700. d. â‚¬27,100. 2. Assuming that Bueno keeps perpetual inventory records, inventory at July 31 on a moving-average basis is a. â‚¬17,200. b. â‚¬17,650. c. â‚¬ 26,340. d. â‚¬26,700. 3. Assuming that the company keeps perpetual inventory records, Buenoâ€™s ending inventory on a LIFO basis is a. â‚¬16,800. b. â‚¬17,560. c. â‚¬26,300. d. â‚¬27,100. Use the following information for questions 4 and 5. Swiss-Mart Companyâ€™s beginning inventory balance and purchase and sales transactions for the month of June were as follows: Purchases Sales June 1 2,000@CHF6.00 June 8 4,500 7 6,000@ 6.40 24 6,000 22 3,500@ 6.60 4. Assuming that Swiss-Mart keeps perpetual inventory records, the inventory at June 30 on a FIFO basis is a. CHF6,000. b. CHF6,600. c. CHF10,500. d. CHF11,500. 5. Assuming that the company keeps perpetual inventory records, Swiss-Martâ€™s inventory at June 30 on a LIFO basis is a. CHF6,000. b. CHF6,400. c. CHF6,600. d. CHF7,000. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

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