Beginning inventory,purchases and sales data for hammers are as follows:

Assuming the business maintains a perpetual inventory system,complete the inventory cards and calculate the cost of merchandise sold and ending inventory under the following assumptions:
a.First-in,first-out

b.Last-in,first-out

Question

Beginning inventory,purchases and sales data for hammers are as follows:
  
Assuming the business maintains a perpetual inventory system,complete the inventory cards and calculate the cost of merchandise sold and ending inventory under the following assumptions:
a.First-in,first-out
  
b.Last-in,first-out

Quizplus · Accepted Answer

The Answer of Beginning inventory,purchases and sales data for hammers are as follows:
  
Assuming the business maintains a perpetual inventory system,complete the inventory cards and calculate the cost of merchandise sold and ending inventory under the following assumptions:
a.First-in,first-out
  
b.Last-in,first-out

Beginning Inventory,purchases and Sales Data for Hammers Are as Follows