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Current Attempt in Progress You are given the following information for Sandhill Company for the month ended November 30, 2021: Date Description Units Unit Price
Current Attempt in Progress You are given the following information for Sandhill Company for the month ended November 30, 2021: Date Description Units Unit Price Nov. 1 Beginning inventory 61 $51 Purchase 100 45 15 Sale (115) 22 Purchase 150 42 29 Sale (170) 30 Purchase 48 40 Sandhill Company uses a perpetual inventory system. All sales and purchases are on account. Calculate the cost of goods sold and the ending inventory using FIFO. Calculate the cost of goods sold and the ending inventory using FIFO. Cost of goods sold ta $ Ending inventory $ Date Account Titles and Explanation Debit Credit Nov. 22 (To record purchase on account.) Nov. 29 (To record sales on account.) Nov. 29 (To record cost of goods sold.)
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