Question
Question 3 of 6 < > View Policies Current Attempt in Progress Date Sheffield Outdoor Stores Inc. uses a perpetual inventory system and has a
Question 3 of 6 < > View Policies Current Attempt in Progress Date Sheffield Outdoor Stores Inc. uses a perpetual inventory system and has a beginning inventory, as at April 1, of 154 tents. This consists of 48 tents purchased in February at a cost of $210 each and 106 tents purchased in March at a cost of $225 each. During April, the company had the following purchases and sales of tents: Apr. 3 (a) 10 17 24 30 Purchases Units 201 292 Unit Cost Units Cost of goods sold $ Ending inventory $276 $ 294 75 249 198 Sales Unit Price $420 Determine the cost of goods sold and the cost of the ending inventory using FIFO. 420 420 -/10 E ...
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