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Filimonov Inc. has the following information related to purchases and sales of one of its inventory items: Date Description Units Purchased at Cost Units Sold
Filimonov Inc. has the following information related to purchases and sales of one of its inventory items: Date Description Units Purchased at Cost Units Sold at Retail June 1 Beginning inventory 150 units @ $11 = $1,650 9 Purchase 1 260 units @ $13 = $3,380 14 Sale 1 290 units @ $25 22 Purchase 2 240 units @ $14 = $3,360 29 Sale 2 240 units @ $25 Refer to the information for Filimonov Inc. and assume that the company uses a perpetual inventory system. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below
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