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STRUCTIONS: Calculate ending inventory, cost of goods sold and gross profit using ONS: LAST-IN FIRST -OUT Calculate ending inventory, cost of goods sold and gross
ONS: LAST-IN FIRST -OUT Calculate ending inventory, cost of goods sold and gross profit using: A B I-Apr 3Apr 5 Apr 10Apr 20.Apr 25Apr 28-Apr Beginning Inventory Purchases Sales Purchases Sales Purchases Sales TOTALS Ending inventory in units FIFO AVERAGE COST 6 n, 12 25 12 52 price per unit 10 10 10 20 30 80
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