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A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 310 units Ending Inventory
A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 310 units Ending Inventory at January 31 totals 130 units. Beginning inventory on wary 1 Parehase on January Purchase on January 25 Unit 200 60 300 52.60 2.30 Required: Assume the perpetual Inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method Perpetual ory B Goods purchased Costa units UNA Cost of Goods Sold of units Cost per Cost of Goods unit sold Sold Date Inventory Cost per unt of units January JO S 000 Sny 25
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