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Exercise 8-14 Flounder Corporation sells one product, with information for July as follows: July 1 Inventory...

Exercise 8-14

Flounder Corporation sells one product, with information for July as follows:
July 1 Inventory 100 units at $15.00 each
4 Sale 80 units at $20.00 each
11 Purchase 150 units at $16.40 each
13 Sale 120 units at $18.80 each
20 Purchase 160 units at $17.10 each
27 Sale 100 units at $20.40 each

Flounder uses the FIFO cost formula. All purchases and sales are on account. Ignore any estimated returns on purchases and sales.
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Inventory Register Flounter Corporation July (And in & July 1. (5) 4. Paréticulars Inward, Outward Balance loty value coty, v

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