Dobler Company uses a periodic inventory system. Details for the inventory account for the month...
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Accounting
Dobler Company uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows:
Units Per unit price Total
Beginning inventory, 1/1/22 200 $5.00 $1,000
Purchase, 1/15/22 100 5.30 530
Purchase, 1/28/22 100 5.50 550
During the month, Dobler sold 140 units for $2,800.
Assume the company uses FIFO.
1. Ending inventory
2. Cost of goods sold
3. Gross profit
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