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The following information relates to Carla Vista Ltd.'s inventory transactions during Units Cost/Unit Amount July 1 Beginning inventory 3,840 $12.00 $46,080 4 Purchase 5,760 $12.50
The following information relates to Carla Vista Ltd.'s inventory transactions during Units Cost/Unit Amount July 1 Beginning inventory 3,840 $12.00 $46,080 4 Purchase 5,760 $12.50 72,000 8 Sale 5,760 14 Sale 1,440 22 Purchase 4,800 $12.75 61,200 28 Sale 3,360 All of the units sold were priced at $20 per unit. (a1) Carla Vista Ltd. uses the perpetual inventory system. Calculate Carla Vista cost of goods sold, gross margin, and ending inventory for the month of July using FIFO. Cost of goods sold $ Gross margin $ Ending inventory $ eTextbook and Media Save for Later Attempts: 0 of 2 used Submit
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