Question: using fifo help asap please Beginning inventory, purchases, and sales data for widgets are as follows: Apr. 3 Inventory 15 units $30 11 Purchase 12
Beginning inventory, purchases, and sales data for widgets are as follows: Apr. 3 Inventory 15 units $30 11 Purchase 12 units $27 14 Sale 18 units 21 Purchase 7 units $25 25 Sale 10 units Complete the subsidiary inventory ledger assuming the business maintains a perpetual inventory system and calculate the cost of merchandise sold and ending inventory using FIFO Cost of Inventory Purchases Unit Cost Merchandise Sold Unit Cost Qty Total Cost Qty Total Cost Qty Unit Cost Total Cost Date Apr. 3 11 8 Total Cost of merchandise sold Ending inventory value 14 21 25 Previous
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