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Question 12 The following information was taken from Top Hat Retail Company's records regarding its inventory of part #15 for the month of August
Question 12 The following information was taken from Top Hat Retail Company's records regarding its inventory of part #15 for the month of August 2020: Unit $ Unit Cost Balance @ 8/1 200 $25 Sale 8/4 100 $30 Total Cost $5,000 5 pts Purchase @ 8/5 250 $35 $8,750 Sale @8/9 150 $40 Purchase @ 8/11 300 $45 $13,500 Top Hat sold 370 units of part # 15 in August 2020 at $45 each Required: Compute each of the following using a perpetual inventory method. A. Number of units in ending inventory: B. Using FIFO: Cost of goods sold o Ending inventory C. Using LIFO: Cost of goods sold Ending inventory Edit View Insert Format Tools Table 12pt Il Proctorio is sharing your screen. Stop sharing Hide
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