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Exercise 6-5A Calculate inventory amounts when costs are declining (LO6-3)

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During the year, Trombley Incorporated has the following inventory transactions.

Date		Transaction	Number of Units			Unit Cost			Total Cost
Jan.	1	Beginning inventory		25		$	27			$	675
Mar.	4	Purchase		30			26				780
Jun.	9	Purchase		35			25				875
Nov.	11	Purchase		35			23				805
				125						$	3,135

For the entire year, the company sells 98 units of inventory for $35 each.

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