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Exercise 8-09 Sunland Company sells one product. Presented below is information for January for Sunland Company. Jan. 1 Inventory 113 units at $4each 4 Sale

Exercise 8-09

Sunland Company sells one product. Presented below is information for January for Sunland Company.

Jan. 1 Inventory 113 units at $4each

4 Sale 92 units at $8each

11 Purchase 141 units at $6each

13 Sale 112 units at $9each

20 Purchase 154 units at $7each

27 Sale 93 units at $11each

Sunland uses the FIFO cost flow assumption. All purchases and sales are on account.

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