Using FIFO, calculate ending inventory and cost of goods sold. FIFO Beginning Inventory Purchases: Ending Inventory...

Transcribed Image Text:

Using FIFO, calculate ending inventory and cost of goods sold. FIFO Beginning Inventory Purchases: Ending Inventory Cost of Goods Available for Sale Cost of Goods Sold Number of units Cost per unit Cost of Goods Available Number of units Cost per unit Cost of Goods Sold Number of units for Sale 40 $ 32 $ 1,280 $ 32 $ 0 April 07 120 69 $ 34 4,080 69 $ 34 0 July 16 190 $ 37 7,030 $ 37 0 October 06 100 $ 38 3,800 $ 38 88 0 Total 450 $ SA 16,190 Ending Cost per unit Inventory Using FIFO, calculate ending inventory and cost of goods sold. FIFO Beginning Inventory Purchases: Ending Inventory Cost of Goods Available for Sale Cost of Goods Sold Number of units Cost per unit Cost of Goods Available Number of units Cost per unit Cost of Goods Sold Number of units for Sale 40 $ 32 $ 1,280 $ 32 $ 0 April 07 120 69 $ 34 4,080 69 $ 34 0 July 16 190 $ 37 7,030 $ 37 0 October 06 100 $ 38 3,800 $ 38 88 0 Total 450 $ SA 16,190 Ending Cost per unit Inventory