8. Dilbert Industries has the following information: Date Units 1-April 5 7-April 17-April 22-April Transaction Beginning...

Transcribed Image Text:

8. Dilbert Industries has the following information: Date Units 1-April 5 7-April 17-April 22-April Transaction Beginning Inventory Purchase Purchase Sale 9 6 12 Unit Cost/Price $8.00 $9.00 $10.50 $29.00 Extended $40.00 $81.00 $63.00 $348 Required: Dilbert uses the perpetual inventory system. Determine the costs assigned to the April 30 ending inventory and calculate the cost of goods sold for the month under the following cost method: First-In-First-Out (FIFO). 8. Dilbert Industries has the following information: Date Units 1-April 5 7-April 17-April 22-April Transaction Beginning Inventory Purchase Purchase Sale 9 6 12 Unit Cost/Price $8.00 $9.00 $10.50 $29.00 Extended $40.00 $81.00 $63.00 $348 Required: Dilbert uses the perpetual inventory system. Determine the costs assigned to the April 30 ending inventory and calculate the cost of goods sold for the month under the following cost method: First-In-First-Out (FIFO).

Answer rating: 100% (QA)

Based on the provided image we need to compute the cost of the ending inventory and the cost of good... View the full answer