Solution-Compute cost of goods sold and ending inventory at

Compute cost of goods sold and ending inventory at february

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Question - Assume that Oriole Company has the following transactions in its first month of operations.

Date Purchases Sold Balance

Feb. 1 2000@ $4.00 2000 Units

Feb. 10 5200@ $4.40 7200 Units

Feb. 21 4000 Units

Feb. 28 3000@ $4.75

Compute cost of goods sold and ending inventory at February 28, assuming Oriole uses a perpetual inventory system and the FIFO cost flow assumption.

Reference no: EM132762058

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Compute cost of goods sold and ending inventory at february

Reference no: EM132762058

Reference no: EM132762058

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