Best Answer Available for sale October 1 Beg inventory 60 25 1 500 October 9 Purchase 120 26 3 120 October 17 Purchase 70 27 1 890 October 25 Purchase 80 28 2 240 Total 330 units for 8 750 average cost per unit 26 515 Sales October 11 Sale 100 35 3 500 October 22 Sale 60 40 2 400 October 29 Sale 110 40 4 400 Total 270 units sales revenue 10 300 Ending inventory 330 270 60 units a 1 LIFO i ending inventory 60 25 1 500 ii cost of goods sold 8 750 1

Answer rating: 100% (QA)

Answers All working forms part of the answer Working for Sales Sales Units Rate Amount Oct11 100 3500 350000 Oct22 60 4000 240000 Oct29 110 4000 44000... View the full answer