Question: Based on this information compute the following below In October, Nicole eliminated all existing inventory of cosmetic items each product line had exceeded the profits
In October, Nicole eliminated all existing inventory of cosmetic items each product line had exceeded the profits earned. In December, a supplier asked her to sell a prepackaged spa kit. Feeling she could manage a single product line, Nicole agreed. Nicole's Getaway Spa (NGS) would make monthly purchases from the supplier at a cost that included production costs and a transportation charge. NGS would k . The trouble of ordering and tracking eep track of its new inventory using a perpetual inventory system. On December 31. prior year, NGS purchased 10 units at a total cost of $6.50 per unit. Nicole purchased 30 more units at $8.10 in February. In March, Nicole purchased 20 units at $1010 per unit. In May, 60 units were purchased at $9.90 per unit. In June, NGS sold 60 units at a selling price of $12.10 per unit and 40 $10.10 per unit units at
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