Question: Date Aug 1 16 10 19 28 31 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Units Acquired at Cost Units Sold at Retail 30
Date Aug 1 16 10 19 28 31 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Units Acquired at Cost Units Sold at Retail 30 units @ $150 per unit 20 units @ $155 per unit 35 units @ $350 per unit 20 units @ 5160 per unit 10 units at $165 per unit 25 units at $375 per unit In order to receive partial credit, please show your calculations 1. The total cost of goods available for sale during the month of August is: 2. The number of units available for sale during the month of August is: 3 The number of units in ending inventory at the end of August is: 4 The cost assigned to the ending inventory using FIFO is 5. Using FIFO, calculate the cost of goods sold during August
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