Question: i need answer Question 3) (30 points). At December 31, 2019 CROWD Co. has the following inventory information for 2019. Date Beginning Inventory Purchases: CROWD
Question 3) (30 points). At December 31, 2019 CROWD Co. has the following inventory information for 2019. Date Beginning Inventory Purchases: CROWD Co. Units 100 $ S Unit 5.25 s/Total $25.00 Jan, 3 300 5.30 1.590,00 1 June 20 150 5.60 840,00 Sept. 13 200 5.80 1.160,00 150 5,90 Nov. 29 Goods Available for Sale 885,00 12 Ending Inventory 350 Cost of Goods Sold Required: The company is using periodic inventory method and FIFO. Calculate the following indicated as '?' in the above table: Goods available for sale in number of units Value (S amount) of goods available for sale Ending inventory in number of units Value (S amount) of ending inventory Cost of good sold in number of units Value ($ amount) of COGS (answers without detail computation will not be considered)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
