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Date Transaction Beginning inventory Jan. 1 Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number oOI Unit Units Cost Total Cost 57 $ 49
Date Transaction Beginning inventory Jan. 1 Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number oOI Unit Units Cost Total Cost 57 $ 49 $ 2,793 137 51 6,987 207 54 11,178 117 55 6,435 518 $27,393 For the entire year, the company sells 443 units of inventory for $67 each. Exercise 6-4A Part 2 Check my work 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. LIFO Ending Inventory Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total Sales revenue Gross profit Cost of Goods Available for Sale Cost of Goods Sold Cost of # of units Cost per unit Goods # of units Available Cost per unit Cost of Goods Sold # of units for Sale $ 0 0 0 0 0 $ 0 Ending Cost per unit Inventory 1
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