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Please fill out a FIFO method format table and answer the questions below. URGENT Golden Comet Co. sells floor mats for large trucks. The sales
Please fill out a FIFO method format table and answer the questions below. URGENT
Golden Comet Co. sells floor mats for large trucks. The sales price of each set of floor mats is $143. The records for the floor mats for December 2023 is below: Required: Using First-In, First-Out, calculate \# of units purchased, total cost of purchases, \# of units sold, cost of goods sold, \# of units in ending inventory, dollar amount of ending inventory, and gross profit for September. You are provided with template (see the next page) to assist you in your calculations. Your final answers, and not the template, will be graded. ROUND weighted-average calculation to the nearest penny. (14 points) You can print a copy of the template HERE. It was also provided in the Exam 2 folder before the exam date. \# of units purchased = Total cost of purchases = \# of units sold = Cost of goods sold = \# of units in ending inventory = Dollar amount of ending inventory = Gross profit =Step by Step Solution
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