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Exclusively from the sun sailed land of grey. Grey can offer affordable sun glasses for the net order only. Below is the activity related to
Exclusively from the sun sailed land of grey. Grey can offer affordable sun glasses for the net order only. Below is the activity related to their latest sun glass design.
January 1 balance of 600 units @$50 per unit $30,000
Purchase
January 10: 600 units @ $55 per unit
January 20: 1000 units @ $58 per unit
Sales January 12: 850
January 28: 800 units
Required compute the January 31 ending inventory and cost of goods sold for January, assuming Sun greay use LIFO and a periodic inventory system
Ending inventory?
Cost of good sold?
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