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Question 2 50 pts Sala Corporation, a newly formed corporation, has the following transactions during October, its first month of operations. October! Purchased 2500
Question 2 50 pts Sala Corporation, a newly formed corporation, has the following transactions during October, its first month of operations. October! Purchased 2500 units @ $22.00 each. 4 Sold 1300 units @ $36.00 each. 6 Sold 1000 units @ $36.50 each. 11 Purchased 700 units @ $22.50 each. 13 Sold 650 units @ $37.00 each. 20 Purchased 250 units @ $23.25 each. 22 Sold 275 units @ $36.00 each. 27 Sold 150 units @ $37.00 each. 28 Purchased 500 units @ $23.75 each. 30 Sold 100 units @ $37.25 each. Determine the total sales, cost of merchandise sold, gross profit, and ending inventory using each of the following inventory methods: 1. FIFO perpetual 2. FIFO periodic 3. LIFO perpetual 4. LIFO periodic 5. Weighted average cost periodic Edit View Insert Format Tools Table 12pt Paragraph BIUA 2 > 2
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