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Madan Corporation began operating on June 26 with no inventory on hand. It then made the purchases listed below. Madan Corporation sold and delivered 39
Madan Corporation began operating on June 26 with no inventory on hand. It then made the purchases listed below. Madan Corporation sold and delivered 39 units on June 30. Date June Description 27 Purchase June 28 Purchase June 29 Purchase Required: Units 13 30 Unit Cost $ 8.60 9.60 Total Cost $ 111.80 288.00 23 11.60 266.80 1. Calculate the number and cost of goods available for sale. 2. Calculate the number of units in ending inventory at June 30. 3. Calculate the cost of ending inventory and the cost of goods sold under FIFO. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the number and cost of goods available for sale. (Do not round intermediate values. Round your "Cost of Goods Available for Sale" answer to 2 decimal places.) Number of Goods Available for Sale units Cost of Goods Available for Sale Required Required 2 > Madan Corporation began operating on June 26 with no inventory on hand. It then made the purchases listed below. Madan Corporation sold and delivered 39 units on June 30, Date Description June 27 Purchase June 28 June 29 Purchase Purchase Required: Units 13 Unit Cost $ 8.60 Total Cost $111.80 30 9.60 288.00 23 11.60 266.80 1. Calculate the number and cost of goods available for sale. 2. Calculate the number of units in ending inventory at June 30. 3. Calculate the cost of ending inventory and the cost of goods sold under FIFO. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the number of units in ending inventory at June 30. Ending Inventory units Madan Corporation began operating on June 26 with no inventory on hand. It then made the purchases listed below. Madan Corporation sold and delivered 39 units on June 30. Date Description June 27 Purchase June 28 Purchase June 29 Purchase Required: Units 13 Unit Cost $ 8.60 Total Cost $111.80 30 9.60 288.00 23 11.60 266.80 1. Calculate the number and cost of goods available for sale. 2. Calculate the number of units in ending inventory at June 30. 3. Calculate the cost of ending inventory and the cost of goods sold under FIFO. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 31 Calculate the cost of ending inventory and the cost of goods sold under FIFO. (Do not round intermediate values. Round your "Cost of Goods Sold" answer to 2 decimal places.) Cost of Ending Inventory Cost of Goods Sold FIFO < Required 2 Required 3>
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