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Question 3 920 Gamma Company had the following inventory activity during April. Gamma uses a periodic inventory system and the FIFO cost flow assumption. Unit
Question 3 920 Gamma Company had the following inventory activity during April. Gamma uses a periodic inventory system and the FIFO cost flow assumption. Unit Date Units Cost, $ Beginning Inventory 1-Apr 22 Purchase 17-Apr 1,200 Purchase 24-Apr 1,400 25 Based on a physical count, Gamma determined there were 1,050 units on hand as of April 30th. Calculate the following numbers and put your answers in the spaces provided below: 24 # of Total Units Cost Available for Sale Inventory April 30th Goods Sold Question 4 Beta Company had the following inventory activity during November. Beta uses a perpetual inventory system and the LIFO cost flow assumption. Unit Date Units Cost, $ 1-Nov 120 5 Beginning Inventory Purchase 5-Nov 150 6 Sale 10-Nov 170 Purchase 14-Nov 140 7 Total Sale 19-Nov 190 Calculate the following numbers and put your answers in the spaces provided below: # of Units Cost Available for Sale Inventory November 30th Goods Sold
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