The periodic inventory records of Flexon Prosthetics indicate the following for

Question

The periodic inventory records of Flexon Prosthetics indicate the following for the month of October EEB (Click the icon to view the inventory records ) At October 31. Flexon counts six units of inventory on hand ppl ssu Compute ending merchandise inventory and cost of goods sold for Flexon using tho FIFo nventory costing mothol amt FIFO Cost Data Table Ending Merchandise Inventory Cost of Goods Sold at Oct 1 Beginning merchandise inventory 9 units $35 each 8 units$ 30 each 12 units $ 44 each 6 units $ 42 each ul. 8 Purchase 15 Purchase 26 Purchase Print Done u Enter any number in the edit fields and then continue to the next quesison Save for Later

Explanation / Answer

Calculate following under FIFO :

FIFO Cost of goods available for sale 1755 Ending inventory (6*42) 252 Cost of goods sold (1755-252) 1503

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.