Chapter $7$ Assignment

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The following units of a particular item were available for sale during the calendar year:

Jan. $1$

Inventory

$30,000$ units at $$30\mathrm{.}00$

Mar. $18$

Sale

$24,000$ units

May $2$ Purchase

$54,000$ units at $$31\mathrm{.}00$

Aug. $9$

Sale

$45,000$ units

Oct. $20$

Purchase

$21,000$ units at $$32\mathrm{.}10$ illustrated in Exhibit $5.$ Round unit cost to two decimal places, if necessary.

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