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On 01-Nov-17, Bacus Wine Shop has an inventory of 300 bottles of Chateau Bourgogne wine with a unit cost of $10. His inventory records report
On 01-Nov-17, Bacus Wine Shop has an inventory of 300 bottles of Chateau Bourgogne wine with a unit cost of $10. His inventory records report the following transactions: During November 2017, Bacus Wine sells 900 bottles of this wine to restaurants across the country 13. What would be the COGS for Nov-17 and Final Inventory on 30-Nov-17 if Bacus uses FIFO? Units Unit Cost ($) Beginning Inventory 300 $10.00 Purchase 1 200 $9.00 Purchase 2 250 $8.00 Purchase 3 250
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