Alpha Company uses the periodic inventory system and had the following inventory & sales activity for the month of May 2016: Date Activity
Alpha Company uses the periodic inventory system and had the following inventory & sales activity for the month of May 2016: Date Activity Quantity Unit Price 5/1 Beginning Inventory 175 $10 5/5 Purchase 200 $12 5/15 Purchase 300 $15 5/25 Purchase 150 $16 Sales were 545 units at $25. Using the FIFO method, determine the dollar […]