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  3. a1 : fx better bottles, inc., uses a periodic inve

A1 : fx Better Bottles, Inc., uses a periodic inventory system and has the followi...

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A1 : fx Better Bottles, Inc., uses a periodic inventory system and has the followi B D E 200 $ 400.00 20.00 $ 22.00 27 594.00 33 30.00 4 Beginning Inventory 5 Jan. 15 Purchase 6 Jan. 20 Purchase 7 Goods Available for Sale 8 Less: January Sales 9 Ending Inventory 10 990.00 1,984.00 80 $ 36 44 es 11 12 Required: 13 1) Calculate both the Ending Inventory and cost of Goods Sold using Periodic FIFO. 14 15 FIFO Ending Inventory # of Units Cost per Unit Total Cost 16 Description 17 Jan. 20 Purchase 18 Jan. 15 Purchase 19 44 20 FIFO Cost of Goods Sold # of Units Cost per Unit Total cost 21 22 Description 23 Beginning inventory 24 Jan. 15 Purchase 25 26

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