S Given the following: January 1 inventory April 1 June 1 November 1 Cost of ending inventory Number purchased 40 60 50 55 205 Cost of goods sold Cost per unit $4 7 68 Total a. Calculate the cost of ending inventory using the FIFO (ending inventory shows 61 units). $ 160 420 400 495 $ 1,475 b. Calculate the cost of goods sold using the FIFO (ending inventory shows 61 units).

S Given the following: January 1 inventory April 1 June 1 November 1 Cost of ending inventory Number purchased 40 60 50 55 205 Cost of goods sold Cost per unit $4 7 68 Total a. Calculate the cost of ending inventory using the FIFO (ending inventory shows 61 units). $ 160 420 400 495 $ 1,475 b. Calculate the cost of goods sold using the FIFO (ending inventory shows 61 units).

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 5EB: Bleistine Company had the following transactions for the month. Calculate the ending inventory...

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