Question: 2 diffent pictures look at both please. fifo method A company made the following merchandise purchases and sales during the month of July: July 1

A company made the following merchandise purchases and sales during the month of July: July 1 July 5 July 9 July 14 July 20 July 30 purchased 500 purchased 400 sold 650 purchased 300 sold 300 purchased 500 units @ units units @ units @ units @ units @ $10 each $12 each $20 each $13 each $20 each $15 each There was no beginning inventory. If the company uses the first-in, first-out (FIFO) method and the perpetual system, what would be the cost of the ending inventory and the total cost of goods sold? Date Goods Purchased Cost of Goods Sold Inventory Balance July 1 Total Cost of Goods Sold: Ending Inventory Balance
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