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P6-4A Sandoval Skateshop Ltd. reports the following inventory transactions for its skateboards for the month of April. The company uses a perpetual inventory system. Units
P6-4A Sandoval Skateshop Ltd. reports the following inventory transactions for its skateboards for the month of April. The company uses a perpetual inventory system. Units 30 Unit cost $50 45 Total Cost $1500 675 Date Explanation 1 Beginning Inventory 6 Purchases 9 Sales 14 Purchases 20 Sales 28 Purchases 15 (35) 20 (25) 20 40 800 35 700 Instructions: Determine the cost of goods sold and cost of ending inventory using FIFO and average cost
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