Question
Anderson Company jet started business and made the wing for inventory purchases in September Date Total Cast Sept 1 Sept 10 100 $ 100
Anderson Company jet started business and made the wing for inventory purchases in September Date Total Cast Sept 1 Sept 10 100 $ 100 150 units 300 Sept 15 Sept 28 200 units 500 250 units 500 $1.400 On September 29 390 units were sold for $5 each A physical count of merchandise invertory on Septem 30 reveals that there are 310 units on hand Instructions: Under the periodic inventory system, complete the following table. Round all answers to the nearest dollar. Use S and commas in your answer. For example, your answer should be w following formats: $32,865 or $5,432, or $568 FIFO LIFO Average Cost Cost of Ending Inventory Cost of Goods Sold Gross Profit
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