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Pharoah Company has the following inventory data: July 1 Beginning inventory Purchases 37 units at $24 130 units at $25 19 units at $27 $888
Pharoah Company has the following inventory data: July 1 Beginning inventory Purchases 37 units at $24 130 units at $25 19 units at $27 $888 3250 7 22 Purchases 513 $4651 A physical count of merchandise inventory on July 30 reveals that there are 60 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is $3188. $1463. 0 0 0 0 $3113. $1538
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