Solution-What is the cost of goods sold for the july sale

What is the cost of goods sold for the july sale

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Reference no: EM132113338

Question - Lionworks Enterprises had the following inventory data:

Date		Quantity	Unit cost
July 1	Beginning inventory	5	$52
July 4	Purchase	10	$55
July 7	Sale	12
July 11	Purchase	9	$58
July 14	Sale	8

Assuming FIFO and a perpetual inventory system, what is the cost of goods sold for the July 7 sale?

$648

$645

$624

$654

Reference no: EM132113338

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What is the cost of goods sold for the july sale : Lionworks Enterprises had the following inventory data: Assuming FIFO and a perpetual inventory system, what is the cost of goods sold for the July 7 sale

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What is the cost of goods sold for the july sale

Reference no: EM132113338

Reference no: EM132113338

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