The accounting records of Skysong, Inc. show the following data. Beginning inventory 3,110 units at $5...

Transcribed Image Text:

The accounting records of Skysong, Inc. show the following data. Beginning inventory 3,110 units at $5 Purchases 7,800 units at $8 Sales 9,060 units at $10 (a) Determine cost of goods sold during the period under a periodic inventory system using the FIFO method. FIFO Cost of goods sold during the period $ The accounting records of Skysong, Inc. show the following data. Beginning inventory 3,110 units at $5 Purchases 7,800 units at $8 Sales 9,060 units at $10 (a) Determine cost of goods sold during the period under a periodic inventory system using the FIFO method. FIFO Cost of goods sold during the period $