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Mountain Country , Inc. sells an Xpert skateboard that is popular with skateboard enthusiasts. The following information shows Mountain Country s purchases and sales of
Mountain Country, Inc. sells an Xpert skateboard that is popular with skateboard enthusiasts. The following information shows Mountain Countrys purchases and sales of Xpert skateboards during February
Mountain Country, Inc. sells an Xpert skateboard that is popular with skateboard enthusiasts. The following information shows Mountain Country's purchases and sales of Xpert skateboards during February: UnitUnit Sales Date Explanation Units Cost Feb. 1 Beginning inventory 32 $298 21 303 Price 8 Purchases 15 Sales 19 Purchases 22 Sales 25 Purchases (43) $ 486 41 308 (47) 497 34 313 38 Determine the cost of goods sold and ending inventory using (1) FIFO and (2) average cost, assuming Mountain Country uses a perpetual inventory system. (Round FIFO answers to the nearest whole dollar,eg. 5,275 and Average cost answers to 2 decimal places, eg. 15.25) FIFO Average Cost of goods sold S Ending invantory Attempts:0 of 2used Check
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