Question: Please make sure to see that the left asks for cost of goods sold and the right asks for inventory balance at July 31 hapter
Please make sure to see that the left asks for cost of goods sold and the right asks for inventory balance at July 31 hapter 05: Inventories and Cost of Sales ompute inventory in a perpetual system using the methods of specfic identification, FIFO, LIFO veighted average Knowledge Check 02 ntercontinental, Inc, uses a perpetual Inventory system. Consider the following information about ts inventory On July 1, purchased 10 units for $910 or $91 per unit: On July 3, purchased 15 units for $1.590 or $108 per unit: On July 14, sold 20 units: On July 17, purchased 20 units for $2.,300 or $115 per unit; On July 28, purchased 10 units for $1,190 or $119 per unit: On July 31, sold 23 units. Cost of Goods Sold for July 31 Inventory Balance at July 31 Using FIFO, the cost of goods sold for the sale of 23 units on select July 31 and the inventory balance at July 31 is Using LIFO, the cost of goods sold for the sale of 23 units on July select 31 and tha in entory balance at July 31 are Using we ighted average, the cost of goods sold for the sale of 23 select select select select units on July 31 and the inventory balance at July 31 are submit answer & continue
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