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Flint Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations Date Explanation Units Unit Cost
Flint Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations Date Explanation Units Unit Cost Total Cost Balance in Units Aug. 2 Purchases 240 $69 $16,560 240 3 Purchases 104 53,560 515 755 (322) 10 Sales 433 15 Purchases 933 124 115,692 1,366 25 Sales (312) 1,054 Your answer is partially correct Calculate the cost of goods sold and ending inventory using the FiFO cost method. $ 57536 Cost of goods sold Ending inventory $ 128034 Calculate the cost of goods sold and ending inventory using the average cost method. (Round average cost per unit and final answers to 2 decimal places, e.g. 1.25 S Cost of goods sold 65513 Ending inventory
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