Question: Please answer in detail! Additional Problem 6 The following inventory transactions took place for Carla Vista Ltd. for the year ended December 31, 2017: Cost/
Please answer in detail!
Additional Problem 6 The following inventory transactions took place for Carla Vista Ltd. for the year ended December 31, 2017: Cost/ Selling Event Date Jan 1 opening inventory 20,000 $46.25 Jan 5 sale Feb 15 purchase Mar 10 purchase May 20 sale Aug 22 purchase Sep 12 sale Nov 24 purchase Dec 5 sale Quantity Price 6,000 76.00 35,000 40.25 10,000 48.25 42,000 76.00 14,000 45.25 20,000 76.00 10,000 48.50 16,000 76.00 Calculate the ending inventory balance for Carla Vista Ltd., assuming the company uses a perpetual inventory system and the first-in, first-out cost formula. Also calculate the per-unit cost of the last item sold. (Round unit costs to 2 decimal places, e.g. 52.75 and ending inventory to 0 decimal places, e.g. 5,275.) Ending inventory Unit cost of the last item sold LINK TO TEXT LINK TO TEXT
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