Question
nswer the following questions by using the data provided in the schedule with (FIFO) First In, First Out method Units Cost Total Beg Inventory 190
nswer the following questions by using the data provided in the schedule with (FIFO) First In, First Out method
|
| Units | Cost | Total |
| Beg Inventory | 190 | $17 | $3,230 |
| March 19 Purchase | 300 | $22 | $6,600 |
| September 22 Purchase | 250 | $25 | $6,250 |
| Total | 740 |
| $16,080 |
At the end of the year, 250 units are unsold
What is the cost of goods available for sale?
What is the cost of goods sold?
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Accounting And Causal Effects Econometric Challenges
Authors: Douglas A Schroeder
1st Edition
1441972242, 9781441972248
