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E F H . B A record of transactions for the month of May was as follows: 5/1/2020 (balance) 1 2 3 4 5 6
E F H . B A record of transactions for the month of May was as follows: 5/1/2020 (balance) 1 2 3 4 5 6 7 8 Purchases 400 @ $5.20 4 1,300 @ $5.10 8 800 @$5.30 14 700 @ $5.40 Sales 3-May 200 @ $7.00 6 1,000 @ 7.00 12 900 @ 7.50 9 Instructions: Compute the ending inventory, cost of goods available for sale, cost of goods sold in both units and dollars and the Gross Profit assuming Denver uses the periodic Lifo and perpetual moving average methods. Show all calculations for full credit 10 11 12 13 14 15 16 17 18 19 20 21
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