Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please help me, and plzzzz make your handwriting visible, Thank you At December 31, 2019 CROWD Co. has the following inventory information for 2019. Required
Please help me, and plzzzz make your handwriting visible, Thank you
At December 31, 2019 CROWD Co. has the following inventory information for 2019.
Required : The company is using periodic inventory method and FIFO. Calculate the following indicated as ? in the above table:
a) Goods available for sale in number of units
b) Value ($ amount) of goods available for sale
c) Ending inventory in number of units
d) Value ($ amount) of ending inventory
e) Cost of good sold in number of units
f) Value ($ amount) of COGS
Date CROWD Co. Units 100 S $/Unit 5,25 $/Total 525,00 Beginning Inventory Purchases: Jan. 3 300 5.30 1.590,00 1 June 20 150 5,60 840,00 Sept. 15 200 5.80 1.160,00 Nov. 29 150 5,90 885,00 Goods Available for Sale ? ? Ending Inventory 350 ? Cost of Goods SoldStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started