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Pharmacy name. Good Neighbor Pharmacy Inventory valuation method used...... LIFO Inventory transactions involving Dymista during the month of October: Description October 1, beginning inventory October
Pharmacy name. Good Neighbor Pharmacy Inventory valuation method used...... LIFO Inventory transactions involving Dymista during the month of October: Description October 1, beginning inventory October 3, purchase October 9, purchase October 15, purchase Number of bottles 44 8 12 14 Cost per bottle $168 $172 $170 $163 A summary of the pharmacy's sales of Dymista during the month is the following: Number of bottles sold... 48 Selling price per bottle... $200 Calculate the following monetary amounts for the pharmacy's transactions involving Dymista (round to the nearest 2 decimal places, e.g. $1.23): (1) Cost of goods sold for month ended October 31. (ii) Ending inventory as of October 31... TID (iii) Gross profit for month ended October 31
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