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Take me to the text An inventory record card for item B-887 shows the following details in 2019. Date Purchases Sales Balance Quantity Cost Quantity
Take me to the text
An inventory record card for item B-887 shows the following details in 2019.
Date | Purchases | Sales | Balance | ||||
Quantity | Cost | Quantity | Cost | Quantity | Cost | ||
Nov 1 | 51 | $75 | |||||
Nov 2 | 127 | $61 | 51 | $75 | |||
127 | $61 | ||||||
Nov 14 | 51 | $75 | |||||
19 | $61 | 108 | $61 | ||||
Nov 19 | 42 | $75 | 108 | $61 | |||
42 | $75 | ||||||
Nov 26 | 96 | $61 | 12 | $61 | |||
42 | $75 |
Required
The company uses the FIFO cost method for inventory valuation under the perpetual inventory system. Calculate the cost of goods sold for the month, and the value of ending inventory on November 26.
Do not enter dollar signs or commas in the input boxes.
Cost of Goods Sold = $
Ending Inventory = $
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