Question
equired information [The following information applies to the questions displayed below.] The following are the transactions for the month of July. Units Unit Cost Unit
equired information
[The following information applies to the questions displayed below.]
The following are the transactions for the month of July.
Units Unit Cost Unit Selling Price July 1 Beginning Inventory 47 $ 10 July 13 Purchase 235 12 July 25 Sold (100 ) $ 16 July 31 Ending Inventory 182
Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used ?(Round "Cost per Unit" to 2 decimal places and your final answers to nearest whole dollar amount.)
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