Given the following: January 1 inventory April 1 June 1 November 1 Cost of ending inventory Number purchased 37 57 47 52 193 Cost per unit $4 Cost of goods sold 6889 7 Total a. Calculate the cost of ending inventory using the FIFO (ending inventory shows 58 unit $ 148 399 376 468 $ 1,391 b. Calculate the cost of goods sold using the FIFO (ending inventory shows 58 units).
Given the following: January 1 inventory April 1 June 1 November 1 Cost of ending inventory Number purchased 37 57 47 52 193 Cost per unit $4 Cost of goods sold 6889 7 Total a. Calculate the cost of ending inventory using the FIFO (ending inventory shows 58 unit $ 148 399 376 468 $ 1,391 b. Calculate the cost of goods sold using the FIFO (ending inventory shows 58 units).
Chapter10: Inventory
Section: Chapter Questions
Problem 2PA: Trini Company had the following transactions for the month. Calculate the ending inventory dollar...
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