The Periodic Inventory Records of Hawk Dental Supply Indicate the Following

question 193

Essay

The periodic inventory records of Hawk Dental Supply indicate the following for the month of April:
$$\begin{array} { | l | l | l | } \hline \text { Apr. 1 } & \begin{array} { l } \text { Beginning merchandise } \\\text { inventory }\end{array} & 15 \text { units @ \$32 each } \\\hline 7 & \text { Purchase } & 7 \text { units @ \$34 each } \\\hline 18 & \text { Purchase } & 12 \text { units @ \$37 each } \\\hline 26 & \text { Purchase } & 10 \text { units @ \$40 each } \\\hline\end{array}$$ As of April 30,Hawk counts 8 units of merchandise inventory on hand.
Compute ending merchandise inventory and cost of goods sold for Hawk using the FIFO inventory method.

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Definitions:

Ethernet

A technology for networking that enables devices to communicate with each other by transmitting data over cables.

FireWire

FireWire is a serial bus interface standard for high-speed communication and data transfer, often used for connecting digital video cameras and external hard drives to a computer.

HDMI

A proprietary audio/video interface for transmitting uncompressed video data and compressed or uncompressed digital audio data from an HDMI-compliant source device to a compatible computer monitor, video projector, digital television, or digital audio device.