Sandhill Co Had A Beginning Inventory Balance On July 1 Of 410 Units At A Cost Of 3 00 Each During The Month The Fol 1 (30.75 KiB) Viewed 18 times
Sandhill Co Had A Beginning Inventory Balance On July 1 Of 410 Units At A Cost Of 3 00 Each During The Month The Fol 2 (21.81 KiB) Viewed 18 times
Sandhill Co. had a beginning inventory balance on July 1 of 410 units at a cost of $3.00 each. During the month, the following inventory transactions took place: Date July 10 13 27 Purchases Units 1,280 680 560 Cost per unit $3.10 3.50 3.90 Date July 2 11 28 Sales Units 300 1,030 360 Price per unit $6.10 6.10 6.60
Assume Sandhill uses FIFO periodic. Calculate the cost of ending inventory, cost of the goods sold, and gross profit. Ending inventory Cost of goods sold Gross profit $ $ $ eTextbook and Media
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