Homework Answers
Answer
- Correct Answer = Option ‘B’ $ 6336
|
Average Method |
Cost of Goods available for sale |
Cost of Goods Sold |
Ending Inventory |
||||||
|
Units |
Cost/unit |
COG for sale |
Units sold |
Cost/unit |
COGS |
Units |
Cost/unit |
Ending inventory |
|
|
Beginning Inventory |
400 |
$ 10.00 |
$ 4,000.00 |
||||||
|
Purchases: |
|||||||||
|
08-Oct |
800 |
$ 10.40 |
$ 8,320.00 |
||||||
|
16-Oct |
600 |
$ 10.80 |
$ 6,480.00 |
||||||
|
24-Oct |
200 |
$ 11.60 |
$ 2,320.00 |
||||||
|
TOTAL |
2000 |
$ 10.5600 |
$ 21,120.00 |
1400 |
$ 10.5600 |
$ 14,784.00 |
600 |
$ 10.5600 |
$ 6,336.00 [Answer] |
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