Question

Swifty Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 5 sets at ( $ 625 ) each. On January 10, Swifty purchased 6 units at ( $ 725 ) each. On January 18, they sold 7 units. On January 25, Swifty purchased 4 more units at ( $ 750 ) each. On January 28, they sold 6 units. Swifty Appliance uses a perpetual inventory system.

Answer 1

Swifty Appliance uses a perpetual inventory system to track their flat-screen television sets. They had initial inventory, made purchases and sales throughout January.

Step-by-step explanation:

The subject of this question is Business, specifically related to inventory management and perpetual inventory system.

A perpetual inventory system is a method of tracking inventory in real-time, where each transaction is immediately recorded. In this case, Swifty Appliance is using a perpetual inventory system for their flat-screen television sets.

Based on the information provided, the inventory transactions for January are as follows:

1. January 1: Starting inventory of 5 sets at $625 each
2. January 10: Purchase of 6 units at $725 each
3. January 18: Sale of 7 units
4. January 25: Purchase of 4 units at $750 each
5. January 28: Sale of 6 units