Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Green Company uses the perpetual inventory system and the FIFO method. The following information is available for the month of June: Accounting Transactions Transaction Number
Green Company uses the perpetual inventory system and the FIFO method. The following information is available for the month of June: Accounting Transactions Transaction Number of Units and Cost Date June 1 Beginning inventory 20 units @ $5 10 Purchase 20 units @ $8 15 Sales 15 units 18 Purchase 10 units @ $9 21 Sales 15 units 30 Purchase 10 units @ $10 Prepare a schedule to show cost of goods sold and the value of the ending inventory for the month of June When entering number of units, do NOT indicate it with a decimal place. Number of units should be a whole number. For example, if it is 10 units, you need to type 10 and NOT 10.00 . When typing your responses for amounts do NOT include a dollar sigri. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign O f2 80 F3 38 14 ES F6 A 2 N # 3 $ 4 % 5 & 7 6 8 Ending Inventory Date Number of Units Cost Total Cost 20 June 10 X $ 8 11 $ 160 Units 10 June 18 X $ 9 = $ Units June 30 X $ ta Units Total $ Units Ending Inventory
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started