Question
April 3 Inventory 21 units $16 11 Purchase 14 Sale 12 units $14 27 units 21 Purchase 12 units $22 25 Sale 12 units
April 3 Inventory 21 units $16 11 Purchase 14 Sale 12 units $14 27 units 21 Purchase 12 units $22 25 Sale 12 units Complete the inventory cost card assuming the business maintains a perpetual inventory system and determine the cost of goods sold and ending inventory using FIFO. Date Qty. Purchases Unit Cost Total Cost Qty. Cost of Goods Sold Unit Cost Inventory Total Cost Qty. Unit Cost Total Cost April 3 11 12 14 168 14 21 73 12 22 264 25 Total Cost of goods sold Ending Inventory value
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