Question: Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for Keurig coffee machines are as follows: June 1 6 14 Inventory 50 units at

 Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for

Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for Keurig coffee machines are as follows: June 1 6 14 Inventory 50 units at $10 Sale 20 units Purchase 90 units at $11 Sale 60 units Purchase 40 units at $13 Sale 50 units 19 25 30 The business maintains a perpetual inventory system, costing by the first-in, first-out method. Using the chart below, determine the cost of ending inventory. Date Purchases Inventory Sales (Cost of goods) Unit Cost Total Unit Cost Total Unit Cost Total 1-Jun 6-Jun 14-Jun 19-Jun 25-Jun 30-Jun Cost of ending inventory

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