The periodic inventory records of Lucas Dental Supply indicate the following for the month of April: As of April 30, Lucas counts 8 units of merchandise inventory on hand.
Compute ending merchandise inventory and cost of goods sold for Lucas using the FIFO inventory method.

Question

The periodic inventory records of Lucas Dental Supply indicate the following for the month of April:  As of April 30, Lucas counts 8 units of merchandise inventory on hand.
Compute ending merchandise inventory and cost of goods sold for Lucas using the FIFO inventory method.

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The Answer of The periodic inventory records of Lucas Dental Supply indicate the following for the month of April:  As of April 30, Lucas counts 8 units of merchandise inventory on hand.
Compute ending merchandise inventory and cost of goods sold for Lucas using the FIFO inventory method.

The Periodic Inventory Records of Lucas Dental Supply Indicate the Following