Question: Problem 6-3A (Part Level Submission) Cheyenne Corp. had a beginning inventory of 91 units of Product RST at a cost of $8 per unit. During
Problem 6-3A (Part Level Submission) Cheyenne Corp. had a beginning inventory of 91 units of Product RST at a cost of $8 per unit. During the year, purchases were: Feb. 20 656 unis at $9Aug. 12420 units at $11 May 5 530 units at $10 Dc. 8 10 units $12 Cheyenne Corp. uses a periodic inventory system. Sales totaled 1,440 units. (a) Determine the cost of goods available for sale. The cost of goods available for sale (b) Calculate Average Cost. (Round answer to 3 decimal places, e.g. 5.125.) Average Cost SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILAR PROBLEM Attempts: 0 of 3 sed SAE FOR LATER SUBMIT ANSWER The parts of this question must be completed in order. This part will be available when you complete the part above. The parts of this question must be completed in order. This part will be available when you complete the part above
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
