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The following transactions (for Questions 5 and 6) occurred regarding inventory during February 2020 which was the first month in business for the Super Chair
The following transactions (for Questions 5 and 6) occurred regarding inventory during February 2020 which was the first month in business for the Super Chair Company: 2/1/20 Purchased 50 chairs at $ 5T per chair 2/5/20 Purchased 100 chairs at $52 a chair 2/11/20 Purchased 100 chairs at $53 per chair 2/17/20 Sold 86 chairs at $100 per chair 2/22/20 Purchased 100 chairs at $55 per chair 2/28/20 Sold 215 chairs at $105 per chair 5) What is the dollar amount in Ending Inventory at 2/29/20 using First In First Out? 6) What is the dollar amount in Ending Inventory at 2/29/20 using Last In First Out
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