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Bramble Outdoor Stores Inc. uses a perpetual inventory system and has a beginning inventory, as at April 1 , of 1 5 1 tents. This
Bramble Outdoor Stores Inc. uses a perpetual inventory system and has a beginning inventory, as at April of tents. This consists
of tents purchased in February at a cost of $ each and tents purchased in March at a cost of $ each. During April, the
company had the following purchases and sales of tents:
a
Your answer is incorrect.
Determine the cost of goods sold and the cost of the ending inventory using FIFO.
Cost of goods sold $
Ending inventory $
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