Question: Beginning inventory, purchases and sales data for widgets are as follows: April 3 Inventory 15 units $30 Purchase 11 12 units $27 14 Sale 18

Beginning inventory, purchases and sales data for widgets are as follows: April 3 Inventory 15 units $30 Purchase 11 12 units $27 14 Sale 18 units 7 units 21 Purchase $25 25 Sale 10 units Complete the inventory cost card assuming the business maintains a perpetual inventory system and calculstes the cost of goods sold and ending inventory using FIFO. Cost of Purchases Goods Sold Inventory Date Qty Unit Cost Total Cost Qty Unit Cost Total Cost Qty Unit Cost Total Cost April 3 30 $ 15 450 3 s 30 $ 11 12 27 324 90 14 # 21 25 Total Cost of goods Ending inventory value 1 sold
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