Question: learn.wileyplus.com Blue Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations: PLUS Support Date Explanation
learn.wileyplus.com Blue Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations: PLUS Support Date Explanation Units Unit Cost Total Cost Balance in Units Aug 2 Purchases 237 $68 $16,116 237 3 Purchases 483 102 49,266 720 10 Sales (318) 402 15 Purchases 858 118 101,244 1,260 25 Sales (319) 941 Calculate the cost of goods sold and ending inventory using the FIFO cost method. Cost of goods sold $ Ending inventory$ eTextbook and Media Calculate the cost of goods sold and ending inventory using the average cost method. (Round average cost per unit and final answers to 2 decimal places, e.g. 1.25.) Cost of goods sold $ Ending inventory$
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