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Part II: Problems (40 points) Shellhammer Companys inventory records show the following data for the month of September: Uni
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Answer #1

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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