Question
Johnny Football Shop began operations on January 2, 2014. The following stock record card for footballs was taken from the records at the end
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Johnny Football Shop began operations on January 2, 2014. The following stock record card for footballs was taken from the records at the end of the year. Voucher Terms Received Cost 3/15 6/20 9/12 11/2 10624 11437 21332 27644 31269 Totals Net 30 1/5, net 30 1/10, net 30 1/10, net 30 1/10, net 30 67 82 107 101 93 $27 16 $1,809 2,140 1,616 1,395 $8,764 A physical inventory on December 31, 2014, reveals that 103 footballs were in stock. The bookkeeper informs you that all the discounts were taken. Assume that Johnny Football Shop uses the invoice price less discount for recording purchases. Don't show me this message again for the assignment Compute the December 31, 2014, inventory using the FIFO method. (Round per unit and final answer to 2 decimal paces, e.g. 35.57.) Ending Inventory using the FIFO method Don't show me this message again for the assignment Link to Text Compute the 2014 cost of goods sold using the LIFO method. (Round per unit and final answer to
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