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Gamma Company had the following inventory activity during April. Gamma uses a periodic inventory system and the FIFO cost flow assumption.
Unit
Date Units Cost, $
Beginning Inventory 1-Apr 75 19
Purchase 14-Apr 75 22
Purchase 22-Apr 75 24
Based on a physical count, Gamma determined there were 95 units on hand as of April 30th.
Calculate the following numbers and put your answers in the spaces provided below:
# of Total
Units Cost
Available for Sale
Inventory, April 30th
95
2240
Goods Sold
130
2635
Sagot :
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