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Need to Calculate ending inventory, cost of goods sold and gross profit using this. Springer Company had the following purchases and sales during April. t
Need to Calculate ending inventory, cost of goods sold and gross profit using this.
Springer Company had the following purchases and sales during April. t INSTRUCTIONS: Calculate ending inventory, cost of goods sold and gross profit using: (25 points) (25 points) (25 points) Sales Units -3 2 8 Date FIFO Purchases units purchased first-in first-out cost per unit total COST OF GOODS SOLD units COST total sold per unit Balance units 11 12 13 14 15 16 17 18 19 20 21 22 24 25 26 27 FIFO LIFO AVERAGE COST cost per unit total I-Apr 3-Apr 5-Apr 10-Apr 20-Apr 2S-Apr 28-Apr Beginning Inventory Purchases Sales Purchases Sales Purchases Sales TOTALS Ending inventory in units Purchases Units i 3 5 2 11 (8) 3 Unit Cost 3 4 5 6 Total Purchases 3 12 25 12 52 10 10 10 Total sal es 30 20 30 80
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