What is the value of the ending inventory

Reference no: EM133335358

Question: Purchases COGS Balance on the floor Date Explanation Units Unit cost $ Total $ Units Unit cost $ Total$ Units Unit cost$ Total$ Begin Beginning Inventory 120 70 Dec 3 Sale 30 Dec 5 purchase 40 80 Dec 9 Sale 100 Dec 14 purchase 20 65 Dec 20 Sale 20 TOTALS REQUIRED: Using a FIFO approach, complete the above chart for all transactions occurring between Dec 3and 20th What is the Cost of Goods Sold? What is the value of the ending inventory? What is the amount of gross revenue for the month if the sales price per unit is $180 What is the gross profit for the month? What is the gross profit margin percentage for the Dec 3rdtransaction? Assuming the sale price of $180/unit

Reference no: EM133335358

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