Cruiser Video was involved in the following transactions during August concerning DVD players:August 1Beginning inventory10 @ $60,August 10Purchased5 @ $64,August 15Sold12 for $80 per unit,August 28Purchased5 @ $66,Calculate the ending inventory of DVDs for Cruiser Video in August assuming the use of the FIFO method under a perpetual inventory system.
Cruiser Video was involved in the following transactions during August concerning DVD players:August 1Beginning inventory10 @ $60,August 10Purchased 5 @ $64,August 15Sold 12 for $80 per unit,August 28Purchased 5 @ $66,Calculate the cost of sales of DVDs for Cruiser Video in August assuming the use of the FIFO method under a perpetual inventory system.
The following information applied to Fenn, Inc: for 2004: Merchandise purchased for resale = $400,000, Freight-in = 10,000, Freight -out = 5,000, Purchase returns = 2,000. Fenn s 2004 inventoriable cost was
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