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 goods 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 goods 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 goods 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