Required info [The following information applies to the questions displayed below.] For the current year, Platoon Games has the following inventory transactions related to its traditional. board games. Platoon Games uses a periodic inventory system. Date January 1 March 12 September 17 January 1 to December 31 Transactions Beginning inventory Purchase Purchase. Sales Units Unit Cost 104 78 48 230 158 $20 15 8 Total Cost $2,080 1,170 384 $3,634
Required info [The following information applies to the questions displayed below.] For the current year, Platoon Games has the following inventory transactions related to its traditional. board games. Platoon Games uses a periodic inventory system. Date January 1 March 12 September 17 January 1 to December 31 Transactions Beginning inventory Purchase Purchase. Sales Units Unit Cost 104 78 48 230 158 $20 15 8 Total Cost $2,080 1,170 384 $3,634
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please do not give solution in image format thanku
![Required information
[The following information applies to the questions displayed below.]
For the current year, Platoon Games has the following inventory transactions related to its traditional
board games. Platoon Games uses a periodic inventory system.
Date
January 1
March 12
September 17
January 1 to December 31
Transactions
Beginning inventory
Purchase
Purchase.
Ending inventory
Cost of goods sold
Sales
Required:
1. Using FIFO, calculate ending inventory and cost of goods sold.
E
Units
104
78
48
230
158
Unit Cost
$20
15
8
Total Cost
$2,080
1,170
384
$3,634](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc6417a73-df1a-49f0-a1f4-45b871598085%2F5ea65433-ab86-4539-9861-c0757833a26f%2F69sfe6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
For the current year, Platoon Games has the following inventory transactions related to its traditional
board games. Platoon Games uses a periodic inventory system.
Date
January 1
March 12
September 17
January 1 to December 31
Transactions
Beginning inventory
Purchase
Purchase.
Ending inventory
Cost of goods sold
Sales
Required:
1. Using FIFO, calculate ending inventory and cost of goods sold.
E
Units
104
78
48
230
158
Unit Cost
$20
15
8
Total Cost
$2,080
1,170
384
$3,634
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