Assume the following data with regard to inventory for Vegan Company: Assuming that the inventory consists of

Question:

Assume the following data with regard to inventory for Vegan Company:

Assuming that the inventory consists of 30 units from the August 8 purchase and 25 units from the purchase of August 22 calculate the cost of ending inventory and cost of goodssold.

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...