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Given the following: Number purchased Cost per unit Total January 1 inventory 36 $ 5 $ 180 April 1 56 8 448 June 1 46
Given the following: Number purchased Cost per unit Total January 1 inventory 36 $ 5 $ 180 April 1 56 8 448 June 1 46 9 414 November 1 51 10 510 189 $ 1,552 Calculate the cost of ending inventory using the FIFO (ending inventory shows 57 units). Calculate the cost of goods sold using the FIFO (ending inventory shows 57 units)
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