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Beginning inventory, purchases and sales data for T-shirts are as follows: Apr 3 Inventory 24 units @ $10 11 Purchase 26 units @ $12 Sale
Beginning inventory, purchases and sales data for T-shirts are as follows: Apr 3 Inventory 24 units @ $10 11 Purchase 26 units @ $12 Sale 36 units 21 Purchase 18 units @ $15 25 Sale 20 units Assuming the business maintains a perpetual inventory system, calculate the cost of merchandise sold on April 14 and April 25th as well as ending inventory as of April 30th, using FIFO, 20 Sale 25 Assuming the business maintains a perpetual inventory system, calculate the cost of merchandise sold on April 14th and April 25th, as well as ending inventory as of April 30th, using FIFO. Enter as whole numbers! Do not use decimals or dollar signs. COMS April 14th COMS April 25th Ending Inventory April 30th CoM
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