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Help me calculating the ones that i got wrong and explain me how you got the result Salt and Mineral ( SAM ) began 2
Help me calculating the ones that i got wrong and explain me how you got the result
Salt and Mineral SAM began with units of its one product. These units were purchased near the end of for $ each. During the month of January, units were purchased on January for $ each and another units were purchased on January for $ each. Sales of units and units were made on January and January respectively. There were units on hand at the end of the month. SAM uses a periodic inventory system.
Required:
Calculate ending inventory and cost of goods sold for January using FIFO.
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