Glasgow Enterprises started the period with 60 units in beginning inventory that cost $2.00 each. During...

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Glasgow Enterprises started the period with 60 units in beginning inventory that cost $2.00 each. During the period, the comp

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Answer 1

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Ans $ 745

		Quantity	Rate	Amount
	Opening	60	2	120
PURCHASES	1	390	2.5	975
	2	105	2.6	273
	3	55	3	165
		610	10.1	1533



	Sales =	55 units of Purchase3 + 105 units of Purchase 2 + 140 units of Purchase 1
	Ending Inventory =	(390 - 140) units of Purchase 1 + Opening 60 Units
		250 2.5 + 60 2
		$ 745

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