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An inventory record card for item Q-823 shows the following details in 2019. Purchases Sales Date Sep 1 Sep 8 Sep 13 Sep 22
An inventory record card for item Q-823 shows the following details in 2019. Purchases Sales Date Sep 1 Sep 8 Sep 13 Sep 22 Sep 25 Quantity Cost/Unit Quantity Cost/Unit Quantity Cost/Unit $66 $66 $65 Required 135 21 $65 $77 49 16 107 $66 $65 Balance $65 49 49 135 119 119 21 12 21 $65 $65 $77 Do not enter dollar signs or commas in the input boxes. Cost of Goods Sold = Ending inventory = $65 $77 The company uses the FIFO cost method for inventory valuation under the perpetual inventory system. Calculate the cost of goods sold for the month, and the value of ending inventory on September 25.
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