FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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(a)
Fill in the missing amounts in the perpetual inventory schedule, assuming the use of the FIFO cost formula.
Purchases
Cost of Goods Sold
Date
Units Cost
Total
Units
Cost
Total
Oct.
9,300 $11 $102,300
15
15,500
13
201,500
29
23,800
(total units sold)
$
$
Touth
nd Modio
%24
%24
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Transcribed Image Text:(a) Fill in the missing amounts in the perpetual inventory schedule, assuming the use of the FIFO cost formula. Purchases Cost of Goods Sold Date Units Cost Total Units Cost Total Oct. 9,300 $11 $102,300 15 15,500 13 201,500 29 23,800 (total units sold) $ $ Touth nd Modio %24 %24
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