can someone help me please Purchases on December 10...
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Purchases on December 10 units @ $ 6.00 cost Purchases on December 14 Purchases on December 20 units @ $12.00 cost 15 units @ $14.00 cost 21 QS 5-14A Periodic: Inventory costing with FIFO LO P3 Required: Monson sells 15 units for $20 each on December 15. Assume the periodic Inventory system is used. Determine the costs assigned to the December 31 ending Inventory when costs are assigned based on FIFO 3 Answer is complete but not entirely correct. Cost of Goods Sold Inventory Balance Periodic FIFO: Cost of Goods Available for Sale Cost of Cost # of Goods units Available unit for Sale Cost per unit # of units sold Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory per $ $ 12 Purchases December 7 December $ 60 240 10 $0.00 12.00 151400 60L 240 2 is 10 $8.00 2012.00 1614.00 3800 1200 1400 158 December 21 Total 210 510 378 45
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