Date | Units | Unit cost | Total cost |
Apr 1 | 15 | AED 32 | AED 480 |
Apr 7 | 7 | AED 34 | AED 238 |
Apr 18 | 12 | AED 37 | AED 444 |
Apr 26 | 10 | AED 40 | AED 400 |
44 | AED 1,562 |
Cost per unit = Cost of goods available for sale/Number of units available for sale
= 1,562/44
= AED 35.5
a.
Ending merchandise inventory cost = Ending inventory x Cost per unit
= 8 x 35.5
= AED 284
b.
Number of units sold = Number of units available for sale - Ending inventory units
= 44 - 8
= 36
Cost of goods sold = Number of units sold x Cost per unit
= 36 x 35.5
= AED 1,278
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