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Beginning Inventory, Purchases, and Sales Data for Widgets Are as Follows

Question 176

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Beginning inventory, purchases, and sales data for widgets are as follows:?  Apr. 3 Inventory 15 units @$3011 Purchase 12 units @$2714 Sale 18 units 21 Purchase 7 units @$2525 Sale 10 units \begin{array} { | r | r | l | r | l | r | r | } \hline & \text { Apr. } 3 & \text { Inventory } & & 15 \text { units } & @ & \$ 30 \\\hline &11 & \text { Purchase } & & 12 \text { units } & @ & \$ 27 \\\hline & 14 & \text { Sale } & & 18 \text { units } & & \\\hline &21 & \text { Purchase } & & 7 \text { units } & @ & \$ 25 \\\hline &25 & \text { Sale } & & 10 \text { units } & & \\\hline\end{array} Complete the inventory cost card assuming the business maintains a perpetual inventory system and calculates the cost of merchandise sold and ending inventory using FIFO.  Beginning inventory, purchases, and sales data for widgets are as follows:?  \begin{array} { | r | r | l | r | l | r | r | }  \hline & \text { Apr. } 3 & \text { Inventory } & & 15 \text { units } & @ & \$ 30 \\ \hline &11 & \text { Purchase } & & 12 \text { units } & @ & \$ 27 \\ \hline & 14 & \text { Sale } & & 18 \text { units } & & \\ \hline &21 & \text { Purchase } & & 7 \text { units } & @ & \$ 25 \\ \hline &25 & \text { Sale } & & 10 \text { units } & & \\ \hline \end{array}  Complete the inventory cost card assuming the business maintains a perpetual inventory system and calculates the cost of merchandise sold and ending inventory using FIFO.

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