Assume that R B Toys store purchased and sold a line of dolls duning December...
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Accounting
Assume that R B Toys store purchased and sold a line of dolls duning December as follows: Ylew the traneactions R. B Toys uses the perpetual inventory system. Read the reguicenents. Requirement 1. Compule the cost of goods sold, cost of ending merchandise inventory, and gross profit using the FFFO inventory costing method: Begin by computing the cost of poods sold and cost of ending merchandise inventory using the fiF o inventory costing method. Enter the fransactions in chronological orter, calcutating new imentogy on h balances after each transaction Once alf of the trantsactions have been enfered into the porpetual rocord, calculate she quantly and total cost of merchandise inventory purchased, sold, and on hand at the the penod. (Enter the oldest inventory layors first) Transactions
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