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The periodic inventory records of Saxton Prosthetics indicate the following for the month of October: (Click the icon to view the inventory records.) At October
The periodic inventory records of Saxton Prosthetics indicate the following for the month of October: (Click the icon to view the inventory records.) At October 31. Saxton counts seven units of inventory on hand. Compute ending merchandise inventory and cost of goods sold for Saxton using the FIFO inventory costing method. Ending Merchandise Inventory Cost of Goods Sold FIFO Cost Data table Oct. 1 Beginning merchandise inventory Oct. 8 Purchase Oct. 15 Purchase Oct. 26 Purchase 10 units $40 each 12 units @ $45 each 15 units @$45 each 10 units @ $50 each - X
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