Swifty has the following inventory information July 1 Beginning Inventory 30 units at $18 $540 90 units at 7 Purchases 1
Posted: Thu May 19, 2022 3:39 pm
Swifty has the following inventory information
July 1 Beginning Inventory 30 units at $18 $540 90 units at 7
Purchases 1890 $21 22 Purchases 10 units at $23 230 $2660 A
physical count of merchandise inventory on 31 reveals that there
are 30 units on hand. Using the FIFO inventor amount allocated to
cost of goods sold for July is $2043 $2010. $ 2121 $ 2090
July 1 Beginning Inventory 30 units at $18 $540 90 units at 7
Purchases 1890 $21 22 Purchases 10 units at $23 230 $2660 A
physical count of merchandise inventory on 31 reveals that there
are 30 units on hand. Using the FIFO inventor amount allocated to
cost of goods sold for July is $2043 $2010. $ 2121 $ 2090