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Cheyenne Skateshop Ltd. reports the following inventory transactions for its skateboards for the month of April. The company uses a perpetual inventory system. Date Apr.

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Cheyenne Skateshop Ltd. reports the following inventory transactions for its skateboards for the month of April. The company uses a perpetual inventory system. Date Apr. Explanation 1 Beginning inventory 6 Purchases 9 Sales 14 Purchases 20 Sales 28 Purchases Units Unit Cost Total Cost 30 $47 $1,410 15 42 630 (35) 20 37 740 (25) 20 36 720 (a) Determine the cost of goods sold and cost of ending inventory using FIFO. $ I Cost of Goods Sold $ Ending Inventory Attempts: 0 of 3 used Submit Answ

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