Beginning inventory: 100 units @$2.00 = $200.00 During the month of January, the company sold 500 units.
Question:
Beginning inventory: 100 units @$2.00 = $200.00
During the month of January, the company sold 500 units.
Compute the cost of goods sold and ending inventory.
Transcribed Image Text:
Purchases during the Month Jan. 15 Jan. 24 Jan. 30 200 units @ $2.10 $ 420.00 300 units @ $2.20 = 660.00 100 units @ $2.25 225.00 600 units $1,305.00 =
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Cost of Goods Sold 100 units 200 20000 beginning inventory 200 units ...View the full answer
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Related Book For
An Introduction To Accounting And Managerial Finance A Merger Of Equals
ISBN: 9789814273824
1st Edition
Authors: Harold JR Bierman
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