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Questo Green Company uses the perpetual inventory system and the FIFO method. The following information is available for the month of June: Accounting Transactions Transaction
Questo Green Company uses the perpetual inventory system and the FIFO method. The following information is available for the month of June: Accounting Transactions Transaction Number of Units and Cost Date June 1 Beginning inventory 20 units @ $5 10 Purchase 20 units @ $8 15 Sales 15 units 18 Purchase 10 units @ $9 21 Sales 15 units 30 Purchase 10 units @ $10 Prepare a schedule to show cost of goods sold and the value of the ending inventory for the month of June. When entering number of units, do NOT indicate it with a decimal place. Number of units should be a whole number. For example, If it is 10 units, you need to type 10 and NOT 10.00. When typing your responses for amounts, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. Cost of Goods Sold Date Transaction Number of Units Cost Total Cost Cost of Goods Sold Date Total Cost Cost Transaction Number of Units $ $ June 15 Sale Units $ Sale June 21 5 Units x = $ $ X $ 11 Units Total Units Cost of Goods Sold Ending Inventory Date Number of Units Cost Total Cost June 10 X $ 11 $ Units June 18 X $ 11 $ Units June 30 X $ 11 $ Units $ Total Units Ending Inventory
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