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Namaste sells a wide variety of sporting equipment. The following is information on the purchases and sales of their top selling yoga mats. The yoga
Namaste sells a wide variety of sporting equipment. The following is information on the purchases and sales of their top selling yoga mats. The yoga mat sells for $130. Unit Cost $ 51 Description Mar. 1 Beginning Inventory Man. 3 Purchase Mar. 6 Purchase Mar. 17 Sale Mar. 23 Purchase Mar 31 Sale Units 26 71 121 66 72 162 $ 56 $ 61 $ 61 Required: Calculate the cost of goods sold and ending inventory under the perpetual inventory system using the following methods. (Do not round your "Unit Cost" answers. Round all other intermediate and final answers to nearest whole dollar.) Ending Inventory Cost of Goods Sold 1. FIFO N
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