Given the following: Number Cost purchased Total per unit $ 3 $ 105 January 1 inventory April 1 June 1 35 55 330 45 7 315 November 1 50 8 400 185 $1,150 a. Calculate the cost of ending inventory using the FIFO (ending inventory shows 56 units). Cost of ending inventory b. Calculate the cost of goods sold using the FIIFO (ending inventory shows 56 units). Cost of goods sold

Given the following: Number Cost purchased Total per unit $ 3 $ 105 January 1 inventory April 1 June 1 35 55 330 45 7 315 November 1 50 8 400 185 $1,150 a. Calculate the cost of ending inventory using the FIFO (ending inventory shows 56 units). Cost of ending inventory b. Calculate the cost of goods sold using the FIIFO (ending inventory shows 56 units). Cost of goods sold

Name: Not use excel Given the following:NumberCostper unit$ 3Total$ 105purch
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Description: Not use excel Given the following:NumberCostper unit$ 3Total$ 105purchasedJanuary 1 inventoryApril 135556.330June 145315November 150400185$1,150a. Calculate the cost of ending inventory using the FIFO (ending inventory shows 56 units).Cost of ending

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter5: Operating Activities: Purchases And Cash Payments

Section: Chapter Questions

Problem 1.7C

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