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Compute the October Ending inventory

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Reference no: EM132754613

Question - For October, when the company sold 1,360 units, the following information is available.

 

Units

Unit Cost

Total Cost

October 1 inventory

480

$22

$10,560

October 8 purchase

960

23

22,080

October 25 purchase

480

26

12,480

 

1,920

 

$45,120

Required - Compute the October 31 Ending inventory and the October cost of goods sold using the FIFO method.

Reference no: EM132754613

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