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Oriole Trucks uses the periodic inventory method and had the following purchases of toy trucks during the month of December. Oriole sold 84 trucks during
Oriole Trucks uses the periodic inventory method and had the following purchases of toy trucks during the month of December. Oriole sold 84 trucks during the month. Date Transaction Units Unit Cost 12/1 Beginning inventory 10 $30 12/8 Purchase No. 1 45 $35 12/15 Purchase No. 2 30 $40 12/26 Purchase No.3 15 $50 Answer the following questions. (c) How much is the dollar value of the ending inventory on December 31 and the cost of goods sold during December if the FIFO inventory method is used? Ending inventory $ ta Cost of goods sold $
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