Question: Inventory and Purchases Sales Beginning: 200 units @ $66/unit March 9: March 12: 150 units @ $60/unit September 22: 250 units @ $57/unit 100
Inventory and Purchases Sales Beginning: 200 units @ $66/unit March 9: March 12: 150 units @ $60/unit September 22: 250 units @ $57/unit 100 units November 2: 200 units The units have a selling price of $70.00 per unit. a) Please fill in the table by calculating the dollar value of cost of goods sold and ending inventory L FIFO Flo Cost of Goods Sold Ending Inventory Gross Profit b) Prepare journal entries to record the following (assuming all sales and purchases are for cash)= lini transaction letter as the description when preparing a journal entry. When a transaction requires tw Exit entered in the format dd/mmm (ie. 15/Jan). Date Page GJ8 General Journal Account/Explanation F Debit Credit
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