Hello I need help with this please. Thank you 1 BE.06-01.ALGO 2. BE 06-02 ALGO 3

Question

Hello I need help with this please.
Thank you

1 BE.06-01.ALGO 2. BE 06-02 ALGO 3. BE 06-03 ALGO 4. BE.06-04 5. BE 06-06 ALGO 6. BE 06-07 ALGO Beginning inventory, purchases, and sales for Item Zeta9 are as follows Oct. 1 Inventory 40 units @ $24 34 units 43 units $27 purchase13 units 24 Sale tory system and using the first-in, first-out (FIFO) method, determine (ajthe cost of goods sold on October 24 and (b) th on October 31. a. Cost of goods sold on October 24 x b. Inventory on October 31 53 PM 4/4/2018 ?

Explanation / Answer

Calculate cost of goods sold and ending inventory under FIFO :

Cost of goods sold = (40*24+7*27) = 1149

Ending inventory = 36*27 = 972

Related Questions

Navigate

• Browse (All)
• Browse H
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.