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Philips Company has the following data available Transaction Units purchased Unit cost Units sold Transaction 300 10 March 1 Purchase 200 12 April 25 sale
Philips Company has the following data available
Transaction | Units purchased | Unit cost | Units sold |
Transaction | 300 | 10 | |
March 1 Purchase | 200 | 12 | |
April 25 sale | 330 | ||
June 10 Purchase | 370 | 14 | |
July 20 sale | 250 | ||
October 30 Purchase | 340 | 11 | |
December 15 sale | 390 |
if Philips uses a perpetual FIFO inventory system, the cost of ending inventory on Dec 31 is
I need the steps in the form of table
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