FIFO AND LIFO. and calculate Gross Profit

Asume that Gameland be bought and soldate of dolls during December as follow Click the icon to view the basis Gameland the perpetual entory wstum Read the Hequirement. Com the cont of goods of ending mechando entory and profit using the FFO wycing method Degint computing the cost of good old and cost of ning machadharying the FIFO Investing the transactions cological order calculating new inventory and balances ther.ch win. Oncealed the transactions avelion and into the perpetual record at the quality and total cost of the Wory pred sold and on and at the end of the periode destino Purchases Cost of Goods Sold Unit Unit Total Total Cost Inventory on Hand Unit Total Quantity Cost Cost Date Quantity Cost Quantity Cost Cost Dec. 1 Dec. 8 Dec. 14 Dec. 21 Totals More Info - of Goo Unit Cos Dec. 1 Beginning merchandise inventory Sale Dec. 8 14 units @ $11 each 8 units @ $24 each 17 units @ $14 each 16 units @ $24 each Dec. 14 Purchase Dec. 21 Sale Print Done swer Clear All