Number of units available for sale = 750
Ending inventory units = 200
Number of units sold = Number of units available for sale - Ending inventory units
= 750-200
= 550
a.
Date | Units | Unit Cost | Total Cost |
September 1 | 100 | 3.35 | 335 |
September 8 | 400 | 3.50 | 1,400 |
September 18 | 50 | 3.70 | 185 |
Total | 550 | $1,920 |
Cost of goods sold = $1,920
b.
Date | Units | Unit Cost | Total Cost |
September 18 | 250 | 3.70 | 925 |
September 8 | 300 | 3.50 | 1,050 |
Total | 550 | $1,975 |
Cost of goods sold = $1,975
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Part II: Problems (40 points) Shellhammer Company's inventory records show the following data for the month...
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