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The periodic inventory records of Synergy Prosthetics indicate the following for the month of July: (Click the icon to view the inventory records.) At July
The periodic inventory records of Synergy Prosthetics indicate the following for the month of July: (Click the icon to view the inventory records.) At July 31, Synergy counts five units of inventory on hand. Compute ending merchandise inventory and cost of goods sold for Synergy using the FIFO inventory costing method. FIFO Cost i Data Table Ending Merchandise Inventory Cost of Goods Sold Jul. 1 Beginning merchandise inventory 8 units @ $ 45 each 8 Purchase 10 units @ $ 54 each 15 Purchase 13 units @ $ 55 each 26 Purchase 15 units @ $ 61 each Print Done
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