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Question 19 Not yet answered A retailer uses a first-in, first-out cost determination method in a perpetual inventory system. For the current month, the following
Question 19 Not yet answered A retailer uses a first-in, first-out cost determination method in a perpetual inventory system. For the current month, the following purchase and sales transactions occurred: Marked out of Date Description Units Total Selling 4.00 1 Cost Price P Flag question Mar. 1 Opening inventory 150 $900 1 Mar. 3 Purchase 100 $700 Fin Mar. 5 Sale 180 $18/unit Mar. 13 Purchase Tin 150 $1,200 Mar. 28 Sale 90 $18/unit On March 31, when applying the LCNRV rule to the ending inventory, the net realizable value of the inventory was $6.50 per unit. For each of the following, type the dollar amount (nearest dollar without dollar sign ($) or comma, e.g. 15000)? Mar. 5 cost of goods sold Mar. 28 cost of goods sold Ending inventory, March 31 Mar. 31 Cost of goods sold (LCNRV)
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