Homework 5 Inventory i 3 0.71 points Saved Shown below is activity for one of the products of Made in Kansas City Shop: January 1 balance, 670 units @ $60 $40,200 Purchases: January 10: 670 units @ $54 Help Save & Exit Submit Check my work January 20: 1,020 units @ $60 Skipped Sales: January 12: 900 units January 28: 800 units eBook Print Required: References Compute the January 31 ending inventory and cost of goods sold for January, assuming shop uses LIFO periodic inventory system. Ending inventory Cost of goods sold

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Homework 5 Inventory i
3
0.71
points
Saved
Shown below is activity for one of the products of Made in Kansas City Shop:
January 1 balance, 670 units @ $60 $40,200
Purchases:
January 10: 670 units @ $54
Help
Save & Exit Submit
Check my work
January 20:
1,020 units @ $60
Skipped
Sales:
January 12:
900 units
January 28:
800 units
eBook
Print
Required:
References
Compute the January 31 ending inventory and cost of goods sold for January, assuming shop uses LIFO periodic
inventory system.
Ending inventory
Cost of goods sold
Transcribed Image Text:Homework 5 Inventory i 3 0.71 points Saved Shown below is activity for one of the products of Made in Kansas City Shop: January 1 balance, 670 units @ $60 $40,200 Purchases: January 10: 670 units @ $54 Help Save & Exit Submit Check my work January 20: 1,020 units @ $60 Skipped Sales: January 12: 900 units January 28: 800 units eBook Print Required: References Compute the January 31 ending inventory and cost of goods sold for January, assuming shop uses LIFO periodic inventory system. Ending inventory Cost of goods sold
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