Use the following to answer questions 1 – 6 Case 1 Case 2 Case 3 Case 4 Beginning inventory $20,000 $85,000 S45,600| Ending inventory Purchases Cost of goods sold 385,000 725,000| ? ? 65,000 66,000 36,500 400,000 758,000 614,000 595,000 1. $ sale For case 1, determine goods available for 2. $ For 1, determine ending case inventory 3. $ For case 2, determine goods available for sale
Use the following to answer questions 1 – 6 Case 1 Case 2 Case 3 Case 4 Beginning inventory $20,000 $85,000 S45,600| Ending inventory Purchases Cost of goods sold 385,000 725,000| ? ? 65,000 66,000 36,500 400,000 758,000 614,000 595,000 1. $ sale For case 1, determine goods available for 2. $ For 1, determine ending case inventory 3. $ For case 2, determine goods available for sale
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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