Question: 3. Using the FIFO (First In, First Out) Method, Calculate the cost of goods sold (4 marks) and ending inventory (2 marks) for Vs Violins

3. Using the FIFO (First In, First Out) Method, Calculate the

3. Using the FIFO (First In, First Out) Method, Calculate the cost of goods sold (4 marks) and ending inventory (2 marks) for Vs Violins using an inventory schedule (6 marks) (this is the thing we used in class).

Remember to answer the questions below:

CoGS for July 9th =

CoGS for July 22nd =

Ending Inventory =

4. Using the Average Method, Calculate the cost of goods sold (4 marks) and ending inventory (2 marks) using the Average Method by using a inventory schedule (6 marks) (this is the thing we used in class).

Remember to answer the questions below:

CoGS for July 9th =

CoGS for July 22nd =

Ending Inventory =

V's Violins uses a perpetual inventory system and reports the following inventory transactions for the month of July: NOTE: Please leave a blank space between entries for each Date

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