Question: Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for Keurig coffee machines are as follows: lune 1 6 14 Inventory Sale Purchase Sale
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for Keurig coffee machines are as follows: lune 1 6 14 Inventory Sale Purchase Sale Purchase Sale 50 units at $10 20 units 90 units at $11 60 units 40 units at $13 SO 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) Cost Unit Cost Total Unit Total Unit Cost Total 1-Jun 6-Jun 14-Jun 2 3 19-Jun 5 6 25 Jun 30-un 8 9 0 1 2 Cost of ending inventory INCORRECTI
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