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April 1 Beginning Inv 300 units @ $10 April 5 Purchase 300 units @ $12 April 9 Sale 275 units @ $55 April 14 Purchase

April 1 Beginning Inv 300 units @ $10 


April 5 Purchase 300 units @ $12 


April 9 Sale 275 units @ $55 


April 14 Purchase 200 units @ $15 


April 20 Sale 350 units @ $55 


April 30 Purchase 200 units @ $17 


Calculate ending inventory using FIFO Method.

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FIFO stands for FirstInFirstOut which means the items purchased first are the ones that get sold fir... blur-text-image

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