Question: please help me journal this as well as including ending inventory and total cost of goods sold. A company made the following merchandise purchases and
please help me journal this as well as including ending inventory and total cost of goods sold.
A company made the following merchandise purchases and sales during the month of July 1-Jul purchased 400. 5-Jul purchased 300 units@ units @ $15 each 9-Jul $16 each sold 550 units @ $25 each 14-Jul purchased 200 units @ $18 each 20-Jul sold 100 units @ $25 each 30-Jul purchased 400 units @ $17 each There was no beginning inventory. If the company uses the first-in, first-out (FIFO) method and the perpetual system, what would be the cost of the ending inventory and the total cost of goods sold? 3 E/ 7 A BI U - I Inventory Balance Cost of Goods Sold Goods Purchased flook Air Date
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