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Required Information In Its first month of operations, Literacy for the IIIIterate opened a new bookstore and bought merchandise in the following order: (1) 300
Required Information In Its first month of operations, Literacy for the IIIIterate opened a new bookstore and bought merchandise in the following order: (1) 300 unlts at $7 on January 1, (2) 450 units at $8 on January 8 , and (3) 750 units at $9 on January 29. Assume 900 units are on hand at the end of the month. Calculate the cost of goods avallable for sale, cost of goods sold, and ending inventory under the LIFO. Assume perpetual Inventory iystem and sold 600 unlts between January 9 and January 28 . (Round your Intermedlate calculations to 2 decimal places.) Required Information In Its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: (1) 300 units at $7 on January 1, (2) 450 unlts at $8 on January 8, and (3) 750 units at $9 on January 29. Assume 900 unlts are on hand at the end of the month. alculate the cost of goods avallable for sale, cost of goods sold, and ending Inventory under the weighted average cost flow ssumptions. Assume perpetual Inventory system and sold 600 units between January 9 and January 28 . (Round your Intermedlate alculations to 2 decimal places.) Required Information In Its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: (1) 300 units at $7 on January 1, (2) 450 unlts at $8 on January 8, and (3) 750 units at $9 on January 29. Assume 900 unlts are on hand at the end of the month. equired: alculate the cost of goods avallable for sale, cost of goods sold, and ending Inventory under the FIFO. Assume perpetual Inventory ystem and sold 600 unlts between January 9 and January 28 . (Round your Intermedlate calculatlons to 2 declmal places.)
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