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Show Me How ntory 1120 units at $31 chases 1060 units at...

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Question

Accounting

Show Me How
ntory
1120 units at $31
chases
1060 units at $33
2054 units at $35
=1284 units
1472 units
3136 units Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Ufit Cost column and in the Inventory Unit Cost column.
FIFO Method
Prepaid Cell Phones
Cost of Cost of Cost of
Purchases Purchases Purchases Goods Sold Goods Sold Goods Sold Inventory Inventory Inventory
Date
Quantity Unit Cost Total Cost
Quantity
Unit Cost Total Cost Quantity Unit Cost Total Cost
ec.1
ec.10
ec.12
ec.14
Jec. 20
Dec. 31
Dec. 31 Balances
5 more Check My Work uses remaining.
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