Question: Please fill out the chart. ! Required information [The following information applies to the questions displayed below.] The following are the transactions for the month

Please fill out the chart.
! Required information [The following information applies to the questions displayed below.] The following are the transactions for the month of July. Unit Selling Price July 1 July 13 July 25 July 31 Beginning Inventory Purchase Sold Ending Inven ry Units Unit Cost 47 $10 235 12 (100) 182 $16 Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places and your final answers to nearest whole dollar amount.) Calarlata anat afnanda arenilahla faunalaand andina inantanthanaalna 1 Required information Part 1 of 2 FIFO (Periodic) Units Total Cost per Unit $ 10.00 47 $ 470 2.5 points 235 $ 12.00 2,820 3,290 eBook Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Units from Beginning Inventory Units from July 13 Purchase Total Cost of Goods Sold Print 47 $ 10.00 References $ 12.00 470 Ending Inventory FIFO (Periodic) Sales $ 1,600 Cost of Goods Sold Gross Profit
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
