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Walter's Wonderful Store has the following inventory information and transactions for its inventory of box fans: Quantity Price Beginning inventory 50 20 5/2 Purchases 100
Walter's Wonderful Store has the following inventory information and transactions for its inventory of box fans: Quantity Price Beginning inventory 50 20 5/2 Purchases 100 8 25 5/9 Purchases 50 28 5/18 Sales 125 30 5/20 Purchases 85 32 5/22 Purchases 100 34 5/27 Sales 150 29 Using this information, complete the following summary. Type your answer using numbers only -- do not include commas or dollar signs. (For example, if your answer is $12,435, you should enter 12345. Do not include cents.) Under the FIFO cost flow assumption, for the month of May, Walter's Wonderful Store box fan sales... Under the FIFO cost flow assumption, for the month of May, Walter's Wonderful Store box fan sales... Gross profit: Cost of goods sold: Ending inventory (units): Ending inventory (value)
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