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FIFO method - selling shoes Balance. 100. $12. $1200 Shoes -65 Purchase. 100. $14. $1400 Shoes. -80 Purchase. 120. $15. $1800 1. Calculate value of

FIFO method - selling shoes

Balance. 100. $12. $1200

Shoes -65

Purchase. 100. $14. $1400

Shoes. -80

Purchase. 120. $15. $1800

1. Calculate value of the ending inventory

2. Calculate the units sold

3. Calculate cost of good sold

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