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Current Attempt in Progress The following information relates to Toolworks Ltd's inventory transactions during the month of October Units Cost/Unit Amount Oct. 1 Beginning
Current Attempt in Progress The following information relates to Toolworks Ltd's inventory transactions during the month of October Units Cost/Unit Amount Oct. 1 Beginning inventory 2.540 $12.90 $32,766 5 Sale 340 11 Purchase 1,200 13 Purchase 510 $12.90 $13,40 $16,080 $6,579 15 Sale 1,530 29 Purchase 2.540 $11.50 $29,210 31 Sale 3.520 All of the units sold on October 5 were priced at $25.00 per unit. All of the units sold on October 15 and 31 were priced at $33.00 per unit. Toolworks Ltd uses the perpetual Inventory systems Calculate Toolworks cost of goods sold, gross margin, and ending inventory for the month of October using FIFO. Cost of Goods Sold
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