Journal entry, t acct -best way
Best Way purchases inventory in crates of merchandise; each crate of inventory is a unit. The fiscal year of best Way ends each January 31. Assume you are dealing with a single Best Way store in Cleveland, Ohio. The Cleveland store began 2012 with an inventory of 22,000 units that costs a total of $1,100,000. During the year, the store purchased merchandise on account as […]