This file attached is a previously answered question with the given scenario and task as well as the solution. However the solution is not explained. Is this in a T-account format? I suppose what I am asking for is a break down of how the solution was achieved. The JE's (if any are required), T-accounts, FIFO charts, balance sheet (if needed) and gross profit sheet (well, that is given but you get my point). Any real insight into this problem would be greatly appreciated!
Paper#3549 | Written in 18-Jul-2015Price : $25