Boxwood Company sells blankets for $35 each. The following information was taken from the inventory records during May. The company had no beginning inventory on May 1. Boxwood use a perpetual inventory system. May 3 Purchase 7units $18 10 Sale 4 units 17 Purchase 11units $15 20 Sale 4 23 sale 2units 30 Purchase 9 units $19. Determine the May 31 inventory balance using the FIFO inventory costing method
Boxwood Company sells blankets for $35 each. The following information was taken from the inventory records during May. The company had no beginning inventory on May 1. Boxwood use a perpetual inventory system. May 3 Purchase 7units $18
10 Sale 4 units
17 Purchase 11units $15
20 Sale 4
23 sale 2units
30 Purchase 9 units $19. Determine the May 31 inventory balance using the FIFO inventory costing method
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