Date Activities Units Acquired at Cost Units Sold at Retail

December 1 Beginning inventory 760 units @ $36 = $27,360

December 8 Purchase 640 units @ $40 = $25,600

December 11 Sale 960 units @ $70December 13 Purchase 560 units @ $44 = $24,640 December 24 Purchase 540 units @ $50 = $27,000 December 30 Sale 660 units @ $71

Specific Identification

Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory

Number of units Cost per unit Cost of Goods Available for Sale Number of units sold Cost per unit Cost of Goods Sold Number of units in ending inventory Cost per unit Ending Inventory

Beginning inventory 760 $36.00 $27,360

Purchases:

December 8 640 $40.00 25,600 December 13 560 $44.00 24,640

December 24 540 $50.00 27,000 Total 2,500 $104,600 0 $0 0 $0

asked by guest
on Sep 20, 2024 at 11:30 am



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