Cavy Company completed 13,920 units during the year at a cost of $1,127,520. The beginning finished...

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Question

Cavy Company completed 13,920 units during the year at a cost of $1,127,520. The beginning finished goods inventory was 3,060

business accounting

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Answer 1

Answer #1

Cost of goods sold = $991,953

Working

FIFO
Total Units Available for sale		16980
Units Sold		12570
Closing Stock in Units		4410

Valuation
Ending Inventory	4507	@	$ 81.00	$ 365067.0

Value Of Ending Inventory				$ 365067.0

Cost of Goods sold [1357020-365067]				$ 991953.

..

	Units	Cost per unit	value
Beginning Balance	3060	$ 75.00	$ 229,500
Purchases
	13920	$ 81.00	$ 1,127,520

Total	16980		$ 1357020

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Answer 2

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Cavy Company completed 13,920 units during the year at a cost of $1,127,520. The beginning finished...

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Cavy Company completed 13,920 units during the year at a cost of $1,127,520. The beginning finished...

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Cavy Company completed 13,920 units during the year at a cost of $1,127,520. The beginning finished...

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Cavy Company completed 13,920 units during the year at a cost of $1,127,520. The beginning finished...