Question: I need help with this question Shown below is the activity for one of the products of Random Creations January 1 balance. 80 units $50$4.000

I need help with this question
 I need help with this question Shown below is the activity

Shown below is the activity for one of the products of Random Creations January 1 balance. 80 units $50$4.000 Purchases January 18: 40 units $51 lanuary 28, 40 units $52 Sates: January 12,30 units January 22,30 units January 31 - 45 units: Required: Compute the January 31 ending inventory and cost of goods sold for January, assuming Random Creations uses average cost and a perpetuat inventory system. Note: Do not round intermediate calculations. Round your finol onswers to nearest whole dollar emount

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!