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The periodic inventory records of Wexton Prosthetics indicate the following for the month of December: (Click the icon to view the inventory records.) At
The periodic inventory records of Wexton Prosthetics indicate the following for the month of December: (Click the icon to view the inventory records.) At December 31, Wexton counts ten units of inventory on hand. Compute ending merchandise inventory and cost of goods sold for Wexton using the FIFO inventory costing method. Ending Merchandise Inventory Cost of Goods Sold FIFO Cost Data table Dec. 1 Beginning merchandise inventory Dec. 8 Purchase 20 units @ $60 each Dec. 15 Purchase Dec. 26 Purchase 20 units @ $50 each 15 units @ $29 each 15 units @ $25 each Print Done -
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