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Raptor Sneakers has the following inventory schedule for its running shoes. Date Quantity Unit Cost Sales Price Beginning Inventory 1- Sep 40 $50 Purchase 10
Raptor Sneakers has the following inventory schedule for its running shoes. Date Quantity Unit Cost Sales Price Beginning Inventory 1- Sep 40 $50 Purchase 10 -Sep 25 $55 Purchase 14- Sep 30 $56 Sale 16- Sep 50 $90 Purchase 20- Sep 35 $59 Sale 25- Sep 50 $90 Assuming the company uses First-in, First-out, what is Raptor Sneakers' cost of goods sold and ending inventory in dollar amounts for the month? Use the following numeric format: 12345 (no commas, no dollar signs). Round to the nearest dollar Cost of Goods Sold: $ Ending Inventory
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