September 1 - Purchased 200 sweatshirts for $20 each September 10 - Purchased 400 sweatshirts...
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Accounting
September 1 - Purchased 200 sweatshirts for $20 each
September 10 - Purchased 400 sweatshirts for $25 each
September 14 - Sold 50 sweatshirts
September 25 - Sold 200 sweatshirts
What would be the ending balance of inventory for the month of September if Company B uses First-In First-Out (FIFO)?
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