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Question 6 of 9 -/1 Blue Outdoor Stores Inc. uses a perpetual inventory system and has a beginning inventory, as at April 1, of
Question 6 of 9 -/1 Blue Outdoor Stores Inc. uses a perpetual inventory system and has a beginning inventory, as at April 1, of 145 tents. This consists of 52 tents purchased in February at a cost of $213 each and 93 tents purchased in March at a cost of $221 each. During April, the company had the following purchases and sales of tents: (a) Purchases Sales Date Units Unit Cost Units Unit Price Apr. 3 75 $391 28 10 207 $272 17 256 3914 24 288 284 30 195 391 Determine the cost of annds cold and the cost of the endine inventory using FIFO
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