Question: QUESTIONS 6 points Save Answer Units Per Unit Total Dollars Beginning Inventory 10/1/20 10 units $2 $20 Purchases 10/5/20 40 units 33 $120 Purchase 10/18/20
QUESTIONS 6 points Save Answer Units Per Unit Total Dollars Beginning Inventory 10/1/20 10 units $2 $20 Purchases 10/5/20 40 units 33 $120 Purchase 10/18/20 50 units $4 $200 Total Goods Available for Sale 100 units $340 The data above data is for the month of October for the Johnson Company, a small Company that sells cell phone covers. The Company operates on a periodic inventory system. There were 40 units remaining in Ending Inventory per the physical count at the end of the month of October. First, you should calculate the units that were sold, assuming the Company has proper internal controls and no goods were stolen. Calculate Ending Inventory and cost of Goods in dollars assuming the Company uses the FIFO (Eirst-in. First-out) method of inventory valuation. Be sure to show your work, For the toolbar, press ALT+F10 (PC) or ALT-ENF10 (Mac). B IVS Paragraph Arial 14px A
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