Beginning inventory, purchases and sales data for hammers are as follows:
Assuming the business maintains a perpetual inventory system, complete the inventory cards and calculate the cost of merchandise sold and ending inventory under the following assumptions:
a. First-in, first-out
b. Last-in, first-out

Question

Beginning inventory, purchases and sales data for hammers are as follows:
  Assuming the business maintains a perpetual inventory system, complete the inventory cards and calculate the cost of merchandise sold and ending inventory under the following assumptions:
a. First-in, first-out
  b. Last-in, first-out

Quizplus · Accepted Answer

The Answer of Beginning inventory, purchases and sales data for hammers are as follows:
  Assuming the business maintains a perpetual inventory system, complete the inventory cards and calculate the cost of merchandise sold and ending inventory under the following assumptions:
a. First-in, first-out
  b. Last-in, first-out

Beginning Inventory, Purchases and Sales Data for Hammers Are as Follows