Perpetual Inventory Using FIFO Beginning inventory, purchases,and sales data for Keurig coffee machines are as follows: June Inventory 50 units at $10 Sale 20 units 14 Purchase 90 units at $11 19 Sale 60 units 3. 25 Purchase 40 units at $13 4 15 16 30 Sale 50 units The business maintains a perpetual inventory system, costing by the firgnin, first-out method. Using the chart below, determine the cost of ending inventory. 17 18 19 Sales 20 Inventory Date Purchases (Cost of goods) 21 Unit Cost Total Unit Cost Total Unit Cost Total 22 23 24 1-Jun 25 26 27 6-Jun 28 29 30 14-Jun 31 32 33 19-Jun 34 35 36 25-Jun 37 38 39 30-Jun 40 Cost of ending inventory= 41

Perpetual Inventory Using FIFO Beginning inventory, purchases,and sales data for Keurig coffee machines are as follows: June Inventory 50 units at $10 Sale 20 units 14 Purchase 90 units at $11 19 Sale 60 units 3. 25 Purchase 40 units at $13 4 15 16 30 Sale 50 units The business maintains a perpetual inventory system, costing by the firgnin, first-out method. Using the chart below, determine the cost of ending inventory. 17 18 19 Sales 20 Inventory Date Purchases (Cost of goods) 21 Unit Cost Total Unit Cost Total Unit Cost Total 22 23 24 1-Jun 25 26 27 6-Jun 28 29 30 14-Jun 31 32 33 19-Jun 34 35 36 25-Jun 37 38 39 30-Jun 40 Cost of ending inventory= 41

Name: A22BCFGK.LAPerpetual Inventory Using FIFOBeginning inventory, purchas
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Description: A22BCFGK.LAPerpetual Inventory Using FIFOBeginning inventory, purchases,and sales data for Keurig coffee machines are as follows:7.8.950 units at $1O20 units90 units at $11JuneInventory106.Sale1114Purchase1219Sale60 units1325Purchase40 units at $131

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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