Mac Laren Inc. sells motors and uses a perpetual inventory system. Shown below are Mac Larens purchases
Fantastic news! We've Found the answer you've been seeking!
Question:
Mac Laren Inc. sells motors and uses a perpetual inventory system. Shown below
are Mac Laren’s purchases during July:
Purchase Date | Unit purchased | Unit cost | Total cost |
July 1 | 100 | 90€ | |
July 8 | 150 | 100€ | |
July 31 | 200 | 110€ | |
Total | 450 |
On July 25, Mac Laren Inc. sold 200 units.
1. Compute the cost of goods sold relating to the sale on July 25 and the ending inventory July 31 using the following cost flow assumptions.
(Show your solutions, including the number of units and costs per unit)
- (2)
Inventory Cost of
at July. 31 Goods Sold
a Average cost $_______________ $_______________
b First‑in, first‑out $_______________ $_______________
c Last‑in, first‑out $_______________ $_______________
Related Book For
Posted Date: