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how to calculatw units from july 13 purchase and fifo boxes Problems Seved [The following information applies to the questions displayed below.) The following are
how to calculatw units from july 13 purchase and fifo boxes
Problems Seved [The following information applies to the questions displayed below.) The following are the transactions for the month of July. Unit Selling Price July 1 July 13 July 25 July 31 Beginning Inventory Purchase Sold Ending Inventory Units Unit Cost 58 $10 290 11 (180) 248 $14 Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross prot periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places and your final answers to nea amount.) FIFO (Periodic Cost per Units Total Unit 58 $ 10.00 $ 580 290 s 11.00 3.190 3,770 Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Units from Beginning Inventory Units from July 13 Purchase Total Cost of Goods Sold Ending Inventory 10.00 58 S $ 11.00 866 FIFO (Periodic Sales Cost of Goods Sold Gross Profit Step by Step Solution
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