Question: Option #1: Inventory Entries Practice Exercises Below is a record of the purchases and sales of inventory throughout the first four months: Cost/Price Per Units

the purchases and sales of inventory throughout the first four months: Cost/Price

Per Units Unit 1/1/x7 Beginning Balance 100 $3.50 1/31/x7 Purchase 125 $4.00

2/15/x7 Purchase $4.50 2/25/x7 Sale 150 $7.75 3/10/x7 Purchase 300 $5.00 3/31/x7

Option #1: Inventory Entries Practice Exercises Below is a record of the purchases and sales of inventory throughout the first four months: Cost/Price Per Units Unit 1/1/x7 Beginning Balance 100 $3.50 1/31/x7 Purchase 125 $4.00 2/15/x7 Purchase $4.50 2/25/x7 Sale 150 $7.75 3/10/x7 Purchase 300 $5.00 3/31/x7 Purchase 75 $5.50 4/10/x7 Sale 225 $8.25 4/15/x7 Purchase 100 $6.00 4/30/x7 Sale 350 $8.50 Requirements: 1. How many units were available for sale throughout the year? 2. What was the total value of all goods available for sale throughout the year? 3. How many physical units were sold? 4. How many physical units are in ending inventory? 5. What is the total sales value for all three sales? Units Price Per Unit Total 2/25/x7 Sale 4/10/x7 Sale 4/30/x7 Sale Total Each assignment must include a title page and reference page. Review the grading rubric to understand how you will be graded on this assignment. Review Module 4 Part 3 Lecture for examples related to your Critical Thinking assignment for this week. Reach out to your instructor if you have questions about the assignment. Note: The download the template required for this assignment is located in the Module 4 folder Purchased Unit Cost Sold Unit price Balance in Inventory Units Unit cost Total Date Units Total Units Total Beginning 1/31/17 2/15/17 2/25/17 3/10/17 4/10/17 4/15/17 4/30/17 What is the total sales value for all three sales? Units Price Per Unit Total 2/25/x7 Sale 4/10/X7 Sale 4/30/x7 Sale Total

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