Beginning inventory, purchasss, and lalt data rer DvD piayr: telen 48 units at s

Question

Beginning inventory, purchasss, and lalt data rer DvD piayr: telen 48 units at s78 26 unit at 82 24 al 12 unit 0 Punchase The busine maintaina perpatval inventary ayatm,ting by the firat-in, firat-aut mathed tsare i ve tory t odmerent costs. enter the units th the LOWtR unt oost n st the cost a Determine the oost or the oods 5old norest sale and the inventory bale ce are, each 5ale presenting the data in the r rm M st ted i Dhot 3 Under rro. r t Ceads Sald Unit Ctclmn and inthe Invntry Unit Catlumn. Cost of the Goods Sold Scheduie Firat-in, First-aut Hiet Next

Explanation / Answer

SOLUTION

Date Quantity Purchased Purchases unit cost ($) Purchases Total cost ($) Quantity sold Cost of goods sold unit cost ($) Cost of goods sold total cost ($) Inventory quantity Inventory unit cost ($) Inventory total cost ($) Nov.1 48 78 3,744 Nov.10 39 78 3,042 Nov.15 26 82 2,132 9 78 702 26 82 2,132 Nov.20 9 78 702 8 82 656 18 82 1,476 Nov.24 12 82 984 6 82 492 Nov.30 25 85 2,125 6 82 492 25 85 2,125 Nov.30 5,384 2,617

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