Question: Beginning inventory, purchases, and sales data for widgets are as follows: Apr. 3 Inventory 15 units $30 11 Purchase 12 units e $27 14 Sale
Beginning inventory, purchases, and sales data for widgets are as follows: Apr. 3 Inventory 15 units $30 11 Purchase 12 units e $27 14 Sale 18 units 7 units e Purchase 21 $25 10 units 25 Sale Complete the subsidiary inventory ledger assuming the business maintains a perpetual inventory system and calculate the cost of merchandise sold and ending inventory using FIFO. Cost of Purchases Merchandise Sold Inventory ate Total Cost Unit Cost Total Cost Qty Unit Cost Qty Qty Unit Cost Total Cost Apr. 3 11 14 21 25 Ending inventory value Total Cost of merchandise sold
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