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Beginning inventory, purchases, and sales data for portable DVD players are as follows: June 1 Inventory 75 units at $40 6 Sale 60 units 14
Beginning inventory, purchases, and sales data for portable DVD players are as follows:
June | 1 | Inventory | 75 units at $40 |
6 | Sale | 60 units | |
14 | Purchase | 90 units at $42 | |
19 | Sale | 50 units | |
25 | Sale | 20 units | |
30 | Purchase | 80 units at $45 |
What is the COGS and ending inventory if they use FIFO:
Date: Purchases: COGS: Inventory Balance:
6/1
6/6
6/14
6/25
6/30
Total COGS___________________
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