Vaughn Distribution markets CDs of the performing artist Unique. At the beginning of October, Vaughn had in
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Question:
Vaughn Distribution markets CDs of the performing artist Unique. At the beginning of October, Vaughn had in beginning inventory 2,000 of Unique’s CDs with a unit cost of $5. During October, Vaughn made the following purchases of Unique’s CDs.
Oct. 3 | | 2,500 | @ | $6 | | Oct. 19 | | 3,000 | @ | $8 |
Oct. 9 | | 3,500 | @ | $7 | | Oct. 25 | | 4,000 | @ | $9 |
During October, 10,850 units were sold. Vaughn uses a periodic inventory system
Determine the cost of goods available for sale.
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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