Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. using the periodic fifo inventory method, the amou

Using the periodic FIFO inventory method, the amount allocated to cost of goods sold...

90.2K

Verified Solution

Question

Accounting

  1. Using the periodic FIFO inventory method, the amount allocated to cost of goods sold for June is?

Date

Units

unit cost

1-Jun

150

6600

10-Jun

200

6300

15-Jun

200

5850

28-Jun

150

780

A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Let PQ be a focal chord of the parabola y2 = 4px. Let M be the...

Chemistry
1.2K views

\"Low concentrations of dioxin near the detection limit gave the following dimensionless instrument readings: 193.3, 156.5,...

Psychology
1.2K views

A researcher finds a correlation of .76 between a husband’s flexibility in his gender role and...

Advance Math
1.2K views

A mass weighing 16 pounds stretches a spring 8 3 feet. The mass is initially released...

Basic Math
1.2K views

Follow the guided instructions below to create the line of reflection that would map the...

Accounting
1.2K views

Milo Company manufactures beach umbrellas. The company is preparing detailed budgets for the third quarter...

Accounting
1.2K views

Can somebody help me with this question? If you will write your answer by hand...

Accounting
1.2K views

Legal Assignments form Wills,Trusts, and Estate administration 7th edition Assignment 2.20 (pg. 68)...

Accounting
1.2K views

12 Required information Convers Corporation (calendar-year-end) acquired the following assets during the current tax year...

Finance
1.2K views

Q43. The beta of ABC Co. stock is the slope of Select an answer and...

Accounting
1.2K views

Total sales, revenue susoog $125,099 150,099 In the past, cost of goods sold has been...

Finance
1.2K views

Lopez, an imaginative person, graduated a few years ago, and he is currently working in...