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SJR. ACG2021C Financial Accounting - Online Spring 2020 Course Ho Homework: Chapter 6 Homework Problems Do Score: 0.39 of 2 pts 2 of 9 (2
SJR. ACG2021C Financial Accounting - Online Spring 2020 Course Ho Homework: Chapter 6 Homework Problems Do Score: 0.39 of 2 pts 2 of 9 (2 complete) P6-28A (book/static) Fit Gym began January with merchandise inventory of 78 crates of vitamins that cost a total of $4,290. During the month, Fit G) account as follows: E (Click the icon to view the transactions.) Nar Read the requirements Date Quantity Cost Cost Quantity Cost Cost Cost Jan. 1 5 156 $ 64$ 9,984 Quantity Cost $ 55 $ 78 $ 55 $ 156 $ 64 $ 54S 64 4.290 4,290 9,984 3,456 78 $ 102 $ 55 54,290 64 $ 6,528 18 1145 75 $ 8,550 54 $ 114 $ 18 $ 64 $ 75 75 $ 3,456 8,550 1,350 54S 96 $ 330 US 64 3,456 75 $ 7,200 $ 21,474 Totals 270 $ 18,534 $ 1.350 Determine the company's gross profit using the FIFO inventory costing method OK Gross profit is $ L u sing the FIFO inventory costing method. SJR. ACG2021C Financial Accounting - Online Spring 2020 Course Ho Homework: Chapter 6 Homework Problems Do Score: 0.39 of 2 pts 2 of 9 (2 complete) P6-28A (book/static) Fit Gym began January with merchandise inventory of 78 crates of vitamins that cost a total of $4,290. During the month, Fit G) account as follows: E (Click the icon to view the transactions.) Nar Read the requirements Date Quantity Cost Cost Quantity Cost Cost Cost Jan. 1 5 156 $ 64$ 9,984 Quantity Cost $ 55 $ 78 $ 55 $ 156 $ 64 $ 54S 64 4.290 4,290 9,984 3,456 78 $ 102 $ 55 54,290 64 $ 6,528 18 1145 75 $ 8,550 54 $ 114 $ 18 $ 64 $ 75 75 $ 3,456 8,550 1,350 54S 96 $ 330 US 64 3,456 75 $ 7,200 $ 21,474 Totals 270 $ 18,534 $ 1.350 Determine the company's gross profit using the FIFO inventory costing method OK Gross profit is $ L u sing the FIFO inventory costing method
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