Question: UPLOAD YOUR ANSWER AS A PDF FILE. ALSO, IF YOU WANT PARTIAL CREDIT, UPLOAD YOUR INVENTORY SCHEDULE. Date Explanation Units Unit Cost OR Unit Selling
UPLOAD YOUR ANSWER AS A PDF FILE. ALSO, IF YOU WANT PARTIAL CREDIT, UPLOAD YOUR INVENTORY SCHEDULE. Date Explanation Units Unit Cost OR Unit Selling Price 3/1 Beginning inventory 3/3 Purchase 3/4 Sale 3/10 Purchase 3/16 Sale 3/19 Sale 3/25 Sale 3/30 Purchase 200 70 70 300 60 100 50 $60 $75 $110 $90 $120 $120 S120 $95 60 Assuming the FIFO assumption, answer the following 1) Calculate the total dollar amount charged to cost of goods sold for the month of March 2) Calculate the dollar amount assigned to the inventory on hand on March 31. 3) Calculate the dollar amount charged to cost of goods sold for the sale on 3/16, 4) Prepare the journal entry to record the sale of goods on 3/19. Attach File
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