A company made the following merchandise purchases and sales during the month of July:
There was no beginning inventory. If the company uses the first-in, first-out perpetual inventory method, what would be the cost of the ending inventory?

Question

A company made the following merchandise purchases and sales during the month of July:
  There was no beginning inventory. If the company uses the first-in, first-out perpetual inventory method, what would be the cost of the ending inventory?

Quizplus · Accepted Answer

The Answer of A company made the following merchandise purchases and sales during the month of July:
  There was no beginning inventory. If the company uses the first-in, first-out perpetual inventory method, what would be the cost of the ending inventory?

A Company Made the Following Merchandise Purchases and Sales During