Sales were made at a cost (selling price) of $121 dollars per unit. August 18 Beginning Inventory September Purchased 14 October 19 November 16 Total 46 Units sold from 39 Units sold from 85 Total sold on 12 Units sold from 18 Units sold from 30 Total sold on 115 Total units sold Specific Identification Inventory Method Cost of Goods Sold 62 units 71 units 133 14 August 18 purchase. September purchase. October 19 @ November @ August 18 purchase. September purchase. 14 16 $98 = $86 = $6,076 $6,106 $12,182

Sales were made at a cost (selling price) of $121 dollars per unit. August 18 Beginning Inventory September Purchased 14 October 19 November 16 Total 46 Units sold from 39 Units sold from 85 Total sold on 12 Units sold from 18 Units sold from 30 Total sold on 115 Total units sold Specific Identification Inventory Method Cost of Goods Sold 62 units 71 units 133 14 August 18 purchase. September purchase. October 19 @ November @ August 18 purchase. September purchase. 14 16 $98 = $86 = $6,076 $6,106 $12,182

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter6: Inventories

Section: Chapter Questions

Problem 6.2BE: Perpetual inventory using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as...

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