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The following data were obtained for Sam Co., a merchandising business, for the month of April: April 3 Beginning Inventory 12 units @ $45 13
The following data were obtained for Sam Co., a merchandising business, for the month of April: April 3 Beginning Inventory 12 units @ $45 13 units @ $47 11 Purchase 14 Sale 18 units 9 units @ $60 21 Purchase 25 Sale 10 units Complete the inventory cost sheet assuming the business maintains a perpetual inventory system and calculates the cost of merchandise sold and ending inventory using FIFO. Cost of Merchandise Sold Purchases Inventory Unit Total Unit Cost Total Cost Unit Cost Total Cost Date Qty. Qty. Qty. Cost Cost Total cost of merchandise sold Ending inventory value
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