During the year, Trombley Incorporated has the following inventory transactions. Date Transaction Jan. 1 Beginning...
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During the year, Trombley Incorporated has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase Nov. 11 Purchase Number of Units 29 34 39 39 Unit Cost $ 31 30 29 27 Total Cost $ 899 1,020 1,131 1,053 $4,103 141 For the entire year, the company sells 110 units of inventory for $39 each. Return to ques - Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Answer is not complete. FIFO Ending Inventory Cost of Goods Available for Sale Cost of Goods Sold # of units Cost of Goods Available for Sale Cost per unit # of units Cost per unit Cost of Goods Sold Cost per #of units Ending Inventory unit S $ 899 29 31 899 29 S $ 31 Beginning Inventory Purchases Mar 04 34 30 1,020 1131 ulation 1,020 1.131 216 34S 30 39 S 29 8 $ 27 39 29 Jun 09 27 1,053 39 S Nov 11 S BE Next > LOV JIV 000 1 LO N US 1 Required information 31 Jun 09 39 $ 29 OOC 1131 39 $ 29 $ 27 1,131 216 39 $ 27 8 Nov 11 Total 1,053 4,103 141 110 Sales revenue Gross profit of 15 4 5 6 7 Next >
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