Windward Corporation uses the FIFO (First In First Out) inventory method. The Co
ID: 2413748 • Letter: W
Question
Windward Corporation uses the FIFO (First In First Out) inventory method. The Company has the following inventory items and costs for the Period. Beginning inventory of 3 units purchased for $4,100 each. January 20, purchase 2 units for $4,200 each. February 3, purchase 3 units for $4,500 each. February 14, sold 5 units for $5,000 each March 15, purchased 2 units for $4,700 each How many units does the company have in inventory at the end of the quarter on March 31?5 What is the total cost of the units in inventory at March 312 $22500 What is the total Sales for the quarter ending March 31? What is the Cost of Goods Sold for the quarter ending March 31?What is Gross Margin for the quarter ending March 31?
Windward Corporation uses the FIFO (First In First Out) inventory method. The Company has the following inventory items and costs for the Period. Beginning inventory of 3 units purchased for $4,100 each. January 20, purchase 2 units for $4,200 each. February 3, purchase 3 units for $4,500 each. February 14, sold 5 units for $5,000 each March 15, purchased 2 units for $4,700 each How many units does the company have in inventory at the end of the quarter on March 31?5 What is the total cost of the units in inventory at March 312 $22500 What is the total Sales for the quarter ending March 31? $ 12500 What is the Cost of Goods Sold for the quarter ending March 31? $ 2500 What is Gross Margin for the quarter ending March 31? $2500Explanation / Answer
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Question 1 5 Question 2 $ 22,900 Question 3(5000*5) $ 25,000 Question 4 $ 20,700 Question 5(25000-20700) $ 4,300Related Questions
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