Restoration Company has the following inventory transactions for January: Opening Inventory January 1st 4,000 un
Posted: Sun Jul 03, 2022 1:02 pm
Restoration Company has the following inventory transactions forJanuary:
Opening Inventory January 1st 4,000 units @ $15Purchase #1 January 10th 9,170 units @ $13Purchase #2 January 15th 6,000 units @ $12Sale #1 January 20th 16,170 units @$20Purchase #3 January 25th 2,000 units @ $11
Required 4: What is the cost of goods sold for January if thecompany uses the FIFO perpetual inventory method? $
Opening Inventory January 1st 4,000 units @ $15Purchase #1 January 10th 9,170 units @ $13Purchase #2 January 15th 6,000 units @ $12Sale #1 January 20th 16,170 units @$20Purchase #3 January 25th 2,000 units @ $11
Required 4: What is the cost of goods sold for January if thecompany uses the FIFO perpetual inventory method? $