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The following information relates to Baruch Bookstores: January 1 balance, 520 units @ $50 per unit $26,000 Purchases: January 10: 520 units @ $55 per
The following information relates to Baruch Bookstores:
| January 1 balance, 520 units @ $50 per unit $26,000 | |
| Purchases: | |
| January 10: | 520 units @ $55 per unit |
| January 20: | 1,040 units @ $59 per unit |
| Sales: | |
| January 12: | 780 units |
| January 28: | 770 units |
Required: Calculate the January 31 ending inventory and COGS assuming Baruch uses FIFO.
what is ending inventory
what is cost of goods sold
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Lean Audit The 20 Keys To World Class Operations A Health Check For Factory And Office
Authors: Joerg Muenzing
1st Edition
1514817829, 978-1514817827
