Question: Use the following information for the question below. Jade Hendricks Co. reported the following current-year purchases and sales for its only product. Date Activities Units

Use the following information for the question below. Jade Hendricks Co. reported the following current-year purchases and sales for its only product. Date Activities Units Acquired at Cost Units Sold Jan. 1 Beginning inventory 265 units @ $12.60 = $ 3,339 Jan. 10 Sales 225 units Mar. 14 Purchase 430 units @ $17.60 7,568 Mar. 15 Sales 370 units July 30 Purchase 465 units @ $22.60 10,509 Oct 5 Sales 440 units Oct. 26 Purchase 165 units @ $27.60 4,554 Totals 1,325 units $25,970 1,035 units Required: Hemming uses a perpetual inventory system. Determine the costs assigned to ending inventory and to cost of goods sold using Perpetual FIFO, by completing the attached excel file. Upon completion, upload your file to this site. Please do not email to me

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