Tom Golden, the accountant for Beauty Galore, Inc., gathered the following information of the month of October:
Required:
1. Calculate the cost of goods sold for this product for October, using the FIFO method and a perpetual inventory system.
2. Calculate the value of the ending inventory for this product for October, using the FIFO method and a perpetual inventory system.

Question

Tom Golden, the accountant for Beauty Galore, Inc., gathered the following information of the month of October:
  Required:
1. Calculate the cost of goods sold for this product for October, using the FIFO method and a perpetual inventory system.
2. Calculate the value of the ending inventory for this product for October, using the FIFO method and a perpetual inventory system.

Quizplus · Accepted Answer

The Answer of Tom Golden, the accountant for Beauty Galore, Inc., gathered the following information of the month of October:
  Required:
1. Calculate the cost of goods sold for this product for October, using the FIFO method and a perpetual inventory system.
2. Calculate the value of the ending inventory for this product for October, using the FIFO method and a perpetual inventory system.

Tom Golden, the Accountant for Beauty Galore, Inc