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Lawlor Lawn Limited started its business on June 1, 2015 and reported its inventory using FIFO perpetual system. The following transactions occurred in June, 2015.
Lawlor Lawn Limited started its business on June 1, 2015 and reported its inventory using FIFO perpetual system. The following transactions occurred in June, 2015. 5 Purchased 110 units plants at $2.9 per unit on credit for inventory. 15 Sold 60 units plants on credit for $600 20 Purchased 120 units plants at $3.2 per unit on credit for inventory. 25 Sold 110 plants for cash, $990 Recorded the following adjusting entries: 30 Physical count of plant inventory, 30 plants on hand. The ending inventory in June is: The total cost of sales in June is: The total sales revenue in June is
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