Beginning inventory, purchases and sales for a product by Weld TM are as follows:
Sep. 1, Beginning Inventory: 24 units
Sep. 5, Sale: 17 units
Sep 17, Purchase: 10 units
Sep 30, Sale: 8 units
using a perpetual inventory system and the FIFO(first in, first out) method,
A. determine the cost of merchandise sold for the September 30 sale
B. the inventory on September 30
thank you so much and if you could explain how you got your answer that would be a big help, 10 points asap.
Sep. 1, Beginning Inventory: 24 units
Sep. 5, Sale: 17 units
Sep 17, Purchase: 10 units
Sep 30, Sale: 8 units
using a perpetual inventory system and the FIFO(first in, first out) method,
A. determine the cost of merchandise sold for the September 30 sale
B. the inventory on September 30
thank you so much and if you could explain how you got your answer that would be a big help, 10 points asap.