Question: need help ASAP, please show work for a better understanding! thank you! Below is the same data presented in Question 3. Date # of Units
need help ASAP, please show work for a better understanding! thank you!
Below is the same data presented in Question 3. Date # of Units Unit Cost Beginning 60 Jan. 2nd $10 Jan. 5th 90 $11 Inv. Purchase Sell Inventory Jan. 10th 130 Assuming your company uses FIFO (First in First out): What is the dollar value of Cost of Goods Sold for the Jan. 10th Sale? $ 930 What is the ending inventory in units? 20 What is the dollar value of ending inventory? $ 1000
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