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hello help Given the following: January 1 inventory April 1 June 1 November 1 Number purchased 32 52 42 Cost per unit $ 4 6
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Given the following: January 1 inventory April 1 June 1 November 1 Number purchased 32 52 42 Cost per unit $ 4 6 7 8 Total $ 128 312 294 376 $1,110 23 47 173 a. Calculate the cost of ending inventory using the FIFO (ending inventory shows 53 units). Cost of ending inventory b. Calculate the cost of goods sold using the FIFO (ending inventory shows 53 units). Cost of goods sold Step by Step Solution
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