es Given the following: January 1 inventory April 1 June 1 November 1 Number purchased 37 57 47 52 193 Cost per unit $4 7 8 9 Total $ 148 399 376 468 $ 1,391 a. Calculate the cost of ending inventory using the FIFO (ending inventory shows 58 units). Cost of ending inventory b. Calculate the cost of goods sold using the FIFO (ending inventory shows 58 units). Cost of goods sold

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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ents Home
X BThread: Persuasive Essay-2022S X
ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch
YouTube Maps MY MCC
с
rd internation buss M Gmail
Inventory and Overload Homework (Ch. 18) i
3
10
points
BU
■
eBook
-
Print
n
References
74'4
Sunny
Given the following:
Mc
Graw
Hill
PD
Refreshers
January 1 inventory
April 1
June 1
November 1
Cost of ending inventory
Number
purchased
Refreshers
Question 3- Inventory and Overi X
37
57
47
52
193
FIN
Cost
per unit.
$4
7
8
9
Total
$
148
399
376
468
$ 1,391
a. Calculate the cost of ending inventory using the FIFO (ending inventory shows 58 units).
+
Url=https%253A%252F%252Fblackboard.muskegon
b. Calculate the cost of goods sold using the FIFO (ending inventory shows 58 units).
Cost of goods sold
O
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Transcribed Image Text:ents Home X BThread: Persuasive Essay-2022S X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch YouTube Maps MY MCC с rd internation buss M Gmail Inventory and Overload Homework (Ch. 18) i 3 10 points BU ■ eBook - Print n References 74'4 Sunny Given the following: Mc Graw Hill PD Refreshers January 1 inventory April 1 June 1 November 1 Cost of ending inventory Number purchased Refreshers Question 3- Inventory and Overi X 37 57 47 52 193 FIN Cost per unit. $4 7 8 9 Total $ 148 399 376 468 $ 1,391 a. Calculate the cost of ending inventory using the FIFO (ending inventory shows 58 units). + Url=https%253A%252F%252Fblackboard.muskegon b. Calculate the cost of goods sold using the FIFO (ending inventory shows 58 units). Cost of goods sold O < Prev O 3 of 12 Saved VIOTEK 21 Next
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