150 units 323300 228 units $3 - Jan. 1 Beginning inventory Sale Feb. 14 Purchase...
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150 units 323300 228 units $3 - Jan. 1 Beginning inventory Sale Feb. 14 Purchase Feb. 15 Sales June 30 Purchase Nov. 6 Sales Nov. 19 Purchase Totals 200 units @ $4 - $ 800 $5 64 units 842 units 320 $2,104 428 unit Required: The company uses a perpetual inventory system. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. FIFO Date Particulars Purchase Cost of Goods sold Qty Price Total Cost Qty Price Total Cost
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