Curtis Company's inventory records reflect the following for the month of October, Year 2:
Assuming that Curtis Company uses the FIFO cost flow method in a perpetual inventory system.
Required:a)Calculate the cost of goods sold for the month ending October 31, Year 2.b)Calculate the ending inventory at October 31, Year 2.

Question

Curtis Company's inventory records reflect the following for the month of October, Year 2:
  Assuming that Curtis Company uses the FIFO cost flow method in a perpetual inventory system.
Required:a)Calculate the cost of goods sold for the month ending October 31, Year 2.b)Calculate the ending inventory at October 31, Year 2.

Quizplus · Accepted Answer

The Answer of Curtis Company's inventory records reflect the following for the month of October, Year 2:
  Assuming that Curtis Company uses the FIFO cost flow method in a perpetual inventory system.
Required:a)Calculate the cost of goods sold for the month ending October 31, Year 2.b)Calculate the ending inventory at October 31, Year 2.

Curtis Company's Inventory Records Reflect the Following for the Month