Question: Financial accounting 13e PR6-1(4) OBJ, 2, 3 PR 6-1A FIFO perpetual inventory The beginning inventory at Funky Party supplies and data on purchases and sales

Financial accounting 13e PR6-1(4)

OBJ, 2, 3 PR 6-1A FIFO perpetual inventory The beginning inventory at Funky Party supplies and data on purchases and sales for a three-month period ending March 31, 2016, are as follows: Number Per Date Transaction Unit Total of Units Jan. 1 Inventory 2,500 $60.00 $150,000 10 Purchase 7,500 68.00 510,000 28 Sale 3,750 120.00 450,000 30 Sale 1,250 120.00 150,000

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