In 2023, Apple Pie Inc sells 260 units of inventory for $91 each. Apple Pie made the following inventory purchase transactions for 2023: Date Transaction Jan. 1 Beginning inventory May 5 Purchase Nov. 3 Purchase Number of Units 61 Unit Cost Total Cost $62 $ 3,782 163 182 63 10,269 65 406 11,830 $25, 881 Calculate ending inventory and cost of goods sold for 2023 assuming the company uses FIFO. ("NOTE" Cost of Goods sold is the second box, not the first.) Ending inventory (not asking for number of units, asking for total dollar amount) Cost of goods sold

In 2023, Apple Pie Inc sells 260 units of inventory for $91 each. Apple Pie made the following inventory purchase transactions for 2023: Date Transaction Jan. 1 Beginning inventory May 5 Purchase Nov. 3 Purchase Number of Units 61 Unit Cost Total Cost $62 $ 3,782 163 182 63 10,269 65 406 11,830 $25, 881 Calculate ending inventory and cost of goods sold for 2023 assuming the company uses FIFO. ("NOTE" Cost of Goods sold is the second box, not the first.) Ending inventory (not asking for number of units, asking for total dollar amount) Cost of goods sold

Name: None In 2023, Apple Pie Inc sells 260 units of inventory for $91 each.
Uploaded: 2024-03-20T06:32:37.000Z
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Description: None In 2023, Apple Pie Inc sells 260 units of inventory for $91 each. Apple Pie made the following inventory purchase transactions for2023:DateTransactionJan. 1 Beginning inventoryMay 5 PurchaseNov. 3 PurchaseNumberof Units61UnitCostTotal Cost$62$ 3

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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