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Beginning inventory, purchases and sales data for widgets are as follows: April 3Inventory15 units @$3011Purchase12 units @$2714Sale18 units21Purchase7 units @$2525Sale10 unitsComplete the inventory cost card
Beginning inventory, purchases and sales data for widgets are as follows:
April 3Inventory15 units @$3011Purchase12 units @$2714Sale18 units21Purchase7 units @$2525Sale10 unitsComplete the inventory cost card assuming the business maintains aperpetualinventory system and calculates the cost of goods sold and ending inventory using FIFO.
PurchasesCost of
Goods Sold
InventoryDateQtyUnit CostTotal CostQtyUnit CostTotal CostQtyUnit CostTotal CostApril 3$$11$$$$$14$$$$$21$$$$$25$$$$$Total Cost of goods sold$Ending inventory value$
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