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Shown below is activity for one of the products of Denver Office Equipment:
January 1 balance, 530 units @ $55 per unit $29,150
Purchases:
January 10:530 units @ $60 per unit
January 20:1,060 units @ $64 per unit
Sales:
January 12: 820 units
January 28: 650 units
Required:
Problem 1: Compute the January 31 ending inventory and cost of goods sold for January, assuming Denver uses FIFO
Estimate free cash ?ows by deducting the capital expenditures and acquisition related disbursements (computed in (a)) from operating cash ?ows
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