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Sala Corporation, a newly formed corporation, has the following transactions during October, its first month of operations. October 1 Purchased 2 5 0 0 units
Sala Corporation, a newly formed corporation, has the following transactions during October, its first month of operations.
October
Purchased units @ $ each.
Sold units @ $ each.
Sold units @ $ each.
Purchased units @ $ each.
Sold units @ $ each.
Purchased units @ $ each.
Sold units @ $ each.
Sold units @ $ each.
Purchased units @ $ each.
Sold units @ $ each.
Determine the total sales, cost of merchandise sold, gross profit, and ending inventory using each of the following inventory methods:
FIFO perpetual
FIFO periodic
LIFO perpetual
LIFO periodic
Weighted average cost periodic
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