The following are the transactions for the month of July.       Units Unit Cost Unit Selling Price July 1 Beginning Inventory 55     $ 10         July 13 Purchase 275       11         July 25 Sold (100 )         $ 14   July 31 Ending Inventory 230                   Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used. How would i creat a FIFO periodic table?

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Asked Feb 27, 2019
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The following are the transactions for the month of July.

 

    Units Unit Cost Unit Selling Price
July 1 Beginning Inventory 55     $ 10        
July 13 Purchase 275       11        
July 25 Sold (100 )         $ 14  
July 31 Ending Inventory 230                
 

Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used.

How would i creat a FIFO periodic table?

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