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Brief Exercise 6-6 Cheyenne Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations: Date Explanation
Brief Exercise 6-6 Cheyenne Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations: Date Explanation Units Unit Cost Total Cost Balance in Units Aug. 2 Purchases 247 $71 $17,537 247 3 Purchases 509 102 51,918 756 10 Sales (283) 473 15 Purchases 859 119 102,221 1,332 25 Sales (321) 1,011 Your answer is partially correct. Try again. Calculate the cost of goods sold and ending inventory using the FIFO cost method. Cost of goods sold 53951 Ending inventory LINK TO TEXT * Your answer is incorrect. Try again. Calculate the cost of goods sold and ending inventory using the average cost method. (Round average cost per unit and final answer Cost of goods sold Ending inventory LINK TO TEXT
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