accounting 405128
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A company reports the following beginning inventory and purchases for the month of January. On January 26, the company sells 350 units. 150 units remain in ending inventory at January 31. |
| Units | Unit Cost | ||
| Beginning inventory on January 1 | 320 | $ | 3.00 |
| Purchase on January 9 | 80 | 3.20 | |
| Purchase on January 25 | 100 | 3.34 | |
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| Required: |
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Assume the perpetual inventory system is used and then determine the costs assigned to endinginventory when costs are assigned based on the FIFO method. Don't use plagiarized sources. Get Your Custom Essay on
accounting 405128
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Calculate the COst of Goods Sold January 26
Calculate Inventory Balance
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