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Business, 15.11.2019 23:31 photagraphykid

Ntercontinental, inc., uses a perpetual inventory system. consider the following information about its inventory: july 1, purchased 10 units for $910 or $91 per unit; july 3, purchased 15 units for $1,590 or $106 per unit; july 14, sold 20 units; july 17, purchased 20 units for $2,300 or $115 per unit; july 28, purchased 10 units for $1,190 or $119 per unit; july 31, sold 23 units.

using fifo, the cost of goods sold for the sale of 23 units on july 31 is and the inventory balance at july 31 is

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