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Complete worksheet using the fifo inventory costing method

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Reference no: EM132498766

Samantha's Suits uses a perpetual inventory system. On November 1, the company had 80 units in opening inventory costing $10 each. The following buying and selling activity occurred for the month of November:

November 4: Purchased 120 units costing $11 each
November 9: Sold 135 units
November 16: Purchased 130 units costing $14 each
November 27: Sold 100 units
The selling price per unit is $15. Round all answers to 2 decimal places.

REQUIRED:

Question 1: Complete the worksheet using the FIFO inventory costing method.

Reference no: EM132498766

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