! Required information Problem 8-5 (Algo) Various inventory costing methods [LO8-1, 8-4] [The following information applies...

 

 

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! Required information Problem 8-5 (Algo) Various inventory costing methods [LO8-1, 8-4] [The following information applies to the questions displayed below.] A company began January with 9,000 units of its principal product. The cost of each unit is $4. Inventory transactions for the month of January are as follows: Date of Purchase Units Purchases Unit Cost Total Cost January 10 6,000 $ 5 January 18 9,000 6 $ 30,000 54,000 Totals 15,000 $ 84,000 * Includes purchase price and cost of freight. Sales Date of Sale Units January 5 5,000 January 12 3,000 January 20 6,000 Total 14,000 10,000 units were on hand at the end of the month. ! Required information Problem 8-5 (Algo) Various inventory costing methods [LO8-1, 8-4] [The following information applies to the questions displayed below.] A company began January with 9,000 units of its principal product. The cost of each unit is $4. Inventory transactions for the month of January are as follows: Date of Purchase Units Purchases Unit Cost Total Cost January 10 6,000 $ 5 January 18 9,000 6 $ 30,000 54,000 Totals 15,000 $ 84,000 * Includes purchase price and cost of freight. Sales Date of Sale Units January 5 5,000 January 12 3,000 January 20 6,000 Total 14,000 10,000 units were on hand at the end of the month.

Answer rating: 100% (QA)

Given information Beginning inventory on January 1 9000 units at 4 per unit Purchases January 18 609... View the full answer