Beginning inventory,purchases,and sales for Product XCX are as follows:

Assuming a perpetual inventory system and the first-in,first-out method,determine (a)the cost of the merchandise sold for the October 30 sale and (b)the inventory on October 31.

Question

Beginning inventory,purchases,and sales for Product XCX are as follows:
  
Assuming a perpetual inventory system and the first-in,first-out method,determine (a)the cost of the merchandise sold for the October 30 sale and (b)the inventory on October 31.

Quizplus · Accepted Answer

The Answer of Beginning inventory,purchases,and sales for Product XCX are as follows:
  
Assuming a perpetual inventory system and the first-in,first-out method,determine (a)the cost of the merchandise sold for the October 30 sale and (b)the inventory on October 31.

Beginning Inventory,purchases,and Sales for Product XCX Are as Follows