Current Attempt in Progress Soft Touch Company sells leather furniture. The following schedule relates to the company's inventory for the month of April: April 1 3 5 11 15 22 28 Beginning inventory Purchase Sale Purchase Sale Sale Purchase 74 units 52 units 26 units. 26 units 62 units 38 units 48 units Soft Touch uses the periodic inventory system. Cost $43,734 32,708 17,004 32,832 Sales $30,004 79,670 47,386
Current Attempt in Progress Soft Touch Company sells leather furniture. The following schedule relates to the company's inventory for the month of April: April 1 3 5 11 15 22 28 Beginning inventory Purchase Sale Purchase Sale Sale Purchase 74 units 52 units 26 units. 26 units 62 units 38 units 48 units Soft Touch uses the periodic inventory system. Cost $43,734 32,708 17,004 32,832 Sales $30,004 79,670 47,386
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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find cost of goods sold ending inventory and gross margin using FIFO and weighted average Kindly answer in text with all workings
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