Homework Answers
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 = $1,975
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Blue Spruce Company's inventory records show the following data
for the month of September:
Units
Unit Cost
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300
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A physical inventory on September 30 shows 150 units on hand.
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the company uses FIFO inventory costing and a periodic inventory
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$enter a value of ending inventory in dollars
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