Question: I need help with letter B. Please indicate your full solution. Thank you. Pina Inc. uses a perpetual inventory system. Its records show the following

 I need help with letter B. Please indicate your full solution.Thank you. Pina Inc. uses a perpetual inventory system. Its records show

I need help with letter B. Please indicate your full solution. Thank you.

Pina Inc. uses a perpetual inventory system. Its records show the following for the month of May. Date May May 15 May May 1 Explanation Units Inventory 24 Purchase 18 Sale Purchase Total 29 27 (41) 38 94 Unit Cost $8 9 10 Total Cost $232 243 380 $855 Calculate the cost of goods sold for May and the ending inventory at May 31 using the FIFO formula. Cost of goods sold (b) Ending Inventory $ eTextbook and Media Cost of goods sold $ Ending Inventory Calculate the cost of goods sold for May and the ending inventory at May 31 using the average cost formula. (For average, use 3 decimal places, e.g. 15.235 in your calculations and round final answers to 2 decimal places, e.g 5.25.) $ 340 $ 515 Attempts: 1 of 3 used

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