Solution-Calculate cost of goods sold and ending inventory

Calculate cost of goods sold and ending inventory using fifo

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Reference no: EM132759520

The Snowboarding Company provided the following information for one of its top-sellings now boards:

Date Item Units Amount Sale

Nov. 1 Beginning inventory 26 $197

5 Sale (12) $340

12 Purchase 65 210

16 Sale (50) $355

19 Purchase 38 215

22 Sale (62) $370

26 Purchase 40 216

Problem 1: Calculate the cost of goods sold and ending inventory using FIFO.

Problem 2: Write the journal entries for November 12, 16, 22

Reference no: EM132759520

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Calculate cost of goods sold and ending inventory using fifo

Reference no: EM132759520

Reference no: EM132759520

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