Question: how do i get 1240 (in fifo ending inventory) Ending Inventory (Total Purchases - Cost of Goods Sold = $7,357.95 - $4,891.55 ) You are

 how do i get 1240 (in fifo ending inventory) Ending Inventory

(Total Purchases - Cost of Goods Sold = $7,357.95 - $4,891.55 )

You are provided with the following information for Barton Inc. Barton Inc.

how do i get 1240 (in fifo ending inventory)

Ending Inventory (Total Purchases - Cost of Goods Sold = $7,357.95 - $4,891.55 ) You are provided with the following information for Barton Inc. Barton Inc. uses the periodic method of accountin March 1 Beginning inventory 2,090 liters at a cost of 58 c per liter. March 3 Purchased 2,600 liters at a cost of 62t per liter. March 5 Sold 2,220 liters for $1.12 per liter. March 10 Purchased 3,900 liters at a cost of 70% per liter. March 20 Purchased 2,405 liters at a cost of 75t per liter. March 305 Sold 5,130 liters for $1.28 per Ilter. (a1) - (a) Prepare partial income statements through gross profit, under each of the following cost flow methods. (Round answ (1) Specific identification method assuming: (i) The March S sale consisted of 1,000 liters from the March 1 beginning inventory and 1,220 liters from the Mar (ii) The March 30 sale consisted of the following number of units sold from beginning inventory and each purchase (2) Fifo (3) UFO mal places, e.g. 1250.) se; and from March 1; 520 liters from March 3; 2,965 liters from March 10; and 1,195 liters from March 20

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