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Posted: **Wed Jul 06, 2022 6:12 am**

: Pina Inc Uses A Perpetual Inventory System Its Records Show The Following For The Month Of May Date May May 15 May Ma 1 (55.86 KiB) Viewed 11 times

Pina Inc. uses a perpetual inventory system. Its records show the following for the month of May. Date May May 15 May May 1 Explanation Units Inventory 24 Purchase 18 Sale Purchase Total 29 27 (41) 38 94 Unit Cost $8 9 10 Total Cost $232 243 380 $855
(a) Calculate the cost of goods sold for May and the ending inventory at May 31 using the FIFO formula. Cost of goods sold Ending Inventory LA