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11-15. Fill in the table below. Determine the cost of merchandise sold for each sale and the inventory balance after each sale. Utilize FIFO.
11-15. Fill in the table below. Determine the cost of merchandise sold for each sale and the inventory balance after each sale. Utilize FIFO. Jan 1 - Inventory is 6,000 units at $20 Jan 2 - Sale of 500 units for $32.50 each Jan 19-Purchase of 2500 units at $24.25 each Jan 30-Purchase 1000 units at $22 Jan 25 - Sale of 800 units for $33.90 each Purchases Cost of Merchandise Sold Inventory Unit Total Unit Total Total Quantity Cost Cost Quantity Cost Cost Quantity Unit Cost Cost Jan 1 +
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