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Question b) I need answers. ent Question 13 of 15 2.5/5 View Policies Show Attempt History Current Attempt in Progress In its first month of
Question b) I need answers.
ent Question 13 of 15 2.5/5 View Policies Show Attempt History Current Attempt in Progress In its first month of operations, Cheyenne Inc. made three purchases of inventory in the following sequence: (1) 380 units at $9 each, (2) 710 units at $13 each, and (3) 840 units at $12 each. A physical inventory count determined that there were 600 units on hand at the end of the month. Assuming Cheyenne uses a periodic inventory system, (a) Your answer is correct. Calculate the cost of the ending inventory and cost of goods sold using by FIFO. $ 7200 Ending inventory $ 15530 Cost of goods sold e Textbook and Media e Textbook and Media Attempts: 1 of 3 used (b) Calculate the cost of the ending inventory and cost of goods sold using average. (Round final answers to 2 decimal places, eg. 1.25.) Weighted average cost $ Ending inventory $ Cost of goods sold $ e Textbook and Media Save for Later Attempts: 0 of 3 used SubmitStep by Step Solution
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