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(Solved): Current Attempt in Progress On December 1, 2025, Pharoah Company had the account balances shown belo ...
Current Attempt in Progress
On December 1, 2025, Pharoah Company had the account balances shown below.
Inventory = (3,300\times $0.60)
The following transactions occurred during December.
Dec. 3 Purchased 4,300 units of inventory on account at a cost of $0.74 per unit.
5 Sold 4,700 units of inventory on account for $0.80$0.60 units and 1,400 of the $0.74
units.$160 credit for 200 units of inventory returned costing $148. These units were
returned to inventory.
17 Purchased 2,100 units of inventory for cash at $0.80 each.
22 Sold 1,900 units of inventory on account for $0.86$0.74 units.