If Elixir Company was able to sell all the lots except for 15 lots of Class C,
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Question:
If Elixir Company was able to sell all the lots except for 15 lots of Class C, how much is the cost of sales to be recognized for the year?
b. What amount should be allocated as total cost of Class B lots under the Relative Sales Price method?
How much is the cost of inventory at the end of the year?
a. What is the cost of inventory on July 31?
b. How many units were sold during July?
c. What is the number of units on July 1?
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