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1. Find Cost of Goods Sold and Ending Inventory using FIFO Jan. 1 Balance: 250 units @ $6.00 3 Purchased 300 units @ $6.35 each
1. Find Cost of Goods Sold and Ending Inventory using FIFO Jan. 1 Balance: 250 units @ $6.00 3 Purchased 300 units @ $6.35 each 4 Sold 425 units for $15.00 each 6 Purchased 600 units @ $6.45 each 10 Sold 595 units @ $15.00 each Purchases Unit Total Quantity Cost Cost Inv Cost of Goods Sold Unit Quantity Cost Date Total Cost Quantity Jan. 1 Balance 2 Total Cost of Goods Sold: Total Ending Inventory
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