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Required 1 Required 2 Required 3 Required 4 Determine the amount Treynor would calculate internally for ending inventory and cost of goods sold using first-in,

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Required 1 Required 2 Required 3 Required 4 Determine the amount Treynor would calculate internally for ending inventory and cost of goods sold using first-in, first-out (FIFO) under a perpetual inventory system. (Ro Cost of Goods Available for Sale Cost of Goods Sold - April 30 Cost of Goods Sold - September Inventory Balance Perpetual FIFO: # of Cost Cost of Goods # of Cost Cost of * of Cost Cost of Total Cost # of units units per Available units per unit Goods units per unit Goods of Goods Cost Ending unit for Sale sold Sold sold Sold in ending Sold inventory per unit Inventory Beg. Inventory 22,000 12.40 $ 272,800 22,000 $ 12.40 $ 272,800 $ 12.40 $ $ 12.40 $ Purchases: + February 72,000 12.70 12.70 12 914,400 12.70 12.70 July 22 52,000 13.00 676,000 13.00 0 13.00 13.00 November 42,000 13.40 562,800 13.40 13.40 13.40 17 188,000 22,000 $ 0 $ 2,426,000 $ 272,800 0 $ 272,800 0 Total Required 1 Required 2 > MacBook Pro DD F10 FM1 F9 888 F6 F7 F8 20 F5 F3 F4 & % O 5 6

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