Use the following purchase and sales data:   Date           …

Use the following purchase and sales data:   Date                Description                              Units                           price/unit 1/1                   Beginning inventory               1,000                           $8 2/5                   Sale                                         200                              $20 2/15                 Sale                                         300                              $20 3/1                   Purchase                                  500                              $9 9/1                   Purchase                                  500                              $10 11/1                 Sale                                         800                              $20 12/30               Purchase                                  500                              $11        What is the cost of goods sold under perpetual FIFO?

USF, Inc. is located in Tampa with suppliers and customers i…

USF, Inc. is located in Tampa with suppliers and customers in other states. They perform a physical count of inventory and determine that they have $500,000 in inventory in their warehouse on 12/31/2022. They examine their purchase invoices, they note that among the $50,000 in goods that have been purchased but have not yet been received by USF, Inc. at year end $30,000 are FOB Tampa and the other $20,000 are FOB Atlanta. When they similarly examine their sales invoices, they note that among their $100,000 in inventory that is sold in the current year and is in-transit (being shipped to their consumers) $60,000 is FOB Las Vegas and $40,000 is FOB Tampa.    What is the total inventory that USF, Inc. should report on its financial statements?