Table 6-5
Assume the Following Data for Kruger Sales for November

question 2

Essay

Table 6-5
Assume the following data for Kruger Sales for November 2019: $\begin{array}{ll}\text { Beginning inventory Nov. } 1 & 5 \text { units at } \$ 90 \text { each } \\\text { Sale Nov. } 3 & 3 \text { units at } \$ 120 \text { each } \\\text { Nov. } 6 \text { purchase } & 11 \text { units at } \$ 95 \text { each } \\\text { Sale Nov. } 8 & 4 \text { units at } \$ 120 \text { each } \\\text { Sale Nov. } 9 & 3 \text { units at } \$ 120 \text { each }\end{array}$
On November 30, a physical count reveals 6 units on hand.
-Refer to Table 6-5. Calculate gross profit for Kruger Sales assuming the periodic FIFO cost method is being used.

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