Beginning inventory, parchases and sales data for hammers are as follows Mar. 3

Question

Beginning inventory, parchases and sales data for hammers are as follows Mar. 3 Inventory 12 units os15 11 Purchase 13 units $17 14 Sale 21 purchase 9units $20 25 18 units Sale 10 units Assuming the business maintains a perpetual inventory system, complete the inventory cards and calculate the cost of merchandse sold and ending inventory under the following assumptions a. First-in, first-out oAssuming the business maintains a perpetual inventory system, complete the inventory cards and calculate the cost of merchandise sold and ending inventory under the following assumptions: Cost of Purchases Inventory Date Oty Unit Cost Total Cost Oty Unit Cost Total Cost QtyUnit Cost Total Cost 01 Mar. Mar. 11 Mar. 14 Mar. 21 Mar, 25 Balances Cost of merchandse sold Ending Inventcry

Explanation / Answer

Beginning inventory, parchases and sales data for hammers are as follows Mar. 3

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