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2. Saskatoon Supermarket Company sells bicycle accessories. For one of the products, safety reflectors, they have the following inventory transactions. For the month of April,
2. Saskatoon Supermarket Company sells bicycle accessories. For one of the products, safety reflectors, they have the following inventory transactions. For the month of April, what would be the Cost of Goods Sold and ending balance of Merchandise Inventory under the first-in, first-out method. Assuming the perpetual method, show a proper inventory schedule. Show all your work. (5 marks) Date: Transaction Units. Cost/Unit Units remaining Apr 1 Opening balance 38 $ 2.62 3 Apr 2 Purchase 11 $ 2.88 Apr Apri 3 Purchase 4 Sale 5 Purchase 41 $ 3.02 4 82 Apr Apr 6 Purchase Apr Apr Apr 30 Ending 15 $ 3.41 22 $ 3.54
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