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19 Sport Box sells a wide variety of sporting equipment. The following is information on the purchases and sales of their top selling hockey stick.
19 Sport Box sells a wide variety of sporting equipment. The following is information on the purchases and sales of their top selling hockey stick. The hockey stick sells for $130 and had transactions as follows 1 Mar 1st beginning inventory 5 unts at $30 per unit 2 Mar 3rd sold 3 units 3. Mar 6th purchased inventory 30 units at $40 per unit 4. Mar 17h sold 20 units 5. Mar 23rd purchased inventory 25 units at $50 per unit 6 Mar 31st sold 30 units Required: Use the information above to answer the questions below for First In First Out (FIFO) and Moving Weighted Average (MWA) inventory costing methods ROUND ALL ANSWERS TO 2 DECIMAL PLACES What is the cost of Goods Sold for the Mar 3rd sale under FIFO inventory costing? Answer 20 What is the cost of Goods Sold for the Mar 17th sale under FIFO inventory costing? Ansar
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