vork A $-$ Graded

Question $7,$ SF$6$A$-11($similar to$)$

HW Score: $70\mathrm{.}5\%,68\mathrm{.}39$ of $97$ points

The periodic inventory records of Miami Prosthetics indicate the following for the month of October:

$($Click the icon to view the inventory records.$)$

At October $31,$ Miami counts four units of inventory on hand.

Compute ending merchandise inventory and cost of goods sold for Miami using the FIFO inventory costing method.

FIFO Cost

Ending Merchandise Inventory

Cost of Goods Sold

Data table

$\backslash$table$[[$Oct$.1,$Beginning merchandise inventory,$6$ units @ $$60$ each$],[$Oct$.8,$Purchase,$5$ units @ $$67$ each$],[$Oct$.15,$Purchase,$10$ units @ $$70$ each$],[$Oct$.26,$Purchase,$5$ units @ $$85$ each$]]$