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Having some trouble with this assignment any help would be much appreciated. 3 For the entire year, the company sells 441 units of Inventory for
Having some trouble with this assignment any help would be much appreciated.
3 For the entire year, the company sells 441 units of Inventory for $65 each. Exercise 6-48 Part 1 1 of 3 Required: 1. Using FIFO. calculate ending Inventory, cost of goods sold, sales revenue, and gross profit. Answer is not complete. Cost of Goods Sold FIFO Ending Inventory Cost of Goods Available for Sale Cost of Cost # of Goods per units unit Available for Sale 55 $ 47$ 2,585 # of units Cost per unit Cost of Goods Sold # of units Cost per unit Ending Inventory 55$ 47 $ 2,585 Beginning Inventory Purchases: Apr. 7 Jul. 16 Oct 6 Total 135$ 49 205 $ 52 115 $53 510 6,615 10.680 6,095 $ 25,955 135 $ 49 205 $ 52 115 $ 53 0 0 6,615 10.680 6,095 Sales revenue Gross profitStep by Step Solution
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