Required information The following information applies to the questions displayed below The following are the...
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Accounting
Required information The following information applies to the questions displayed below The following are the transactions for the month of July. it Selli Price UnitsUnit Cost July 1 Beginning Inventory 41 July 13 Purchase July 25 Sold July 31 Ending Inventory 146 $10 12 205 (100) $16 Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places and your final answers to nearest whole dollar amount.) Cost perTotal Unit Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Total Cost of Goods Sold Ending Inventory Seles Cost of Goods Sold Gross Profit
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