Question: Beginning inventory 400 @ $10 each $4 000 Inventory purchased 700 @ $12 each 8 400 Cost of goods available 1,100 units $12 400

 Beginning inventory 400 @ $10 each $4 000 Inventory purchased 700

@ $12 each 8 400 Cost of goods available 1,100 units $12

Beginning inventory 400 @ $10 each $4 000 Inventory purchased 700 @ $12 each 8 400 Cost of goods available 1,100 units $12 400

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