The Baby Company sells blankets for $30 each. The following was taken from the inventory records during July. July 3 Purchase 5 units @ $15, July 10 Sale units 3, July17 Purchase 10 Units @ $17,July 20 Sale 6, July 23 Sale 3, July 30 Purchase 10 units @ $20.
Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of July using the FIFO cost method.
Can anyone help with this please?
Thanks A Bunch
2007-11-23
00:48:59
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1 answers
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asked by
cardoctor61
2
in
Other - Business & Finance