Question: ( Appendix 6 B ) Inventory Costing Methods: Periodic FIFO Bordeaux Company has the following information related to purchases and sales of one of its
Appendix B Inventory Costing Methods: Periodic FIFO Bordeaux Company has the following information related to purchases and sales of one of its inventory items: Date Description Units Purchased at Cost Units Sold at Retail June Beginning Inventory units @ $ $ Purchase units @ $ $ Sale units @ $ Purchase units @ $ $ Sale units @ $ Assume that Bordeaux uses a periodic inventory system. Required: Calculate the cost of goods sold and the cost of ending inventory using the FIFO inventory costing method. Cost of goods sold $fill in the blank Cost of ending inventory $fill in the blank
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