Periodic inventory by three methods; cost of goods sold
The units of an item available for sale during the year were as follows:
Jan. 1 | Inventory | 30 units at $92 |
Mar. 10 | Purchase | 60 units at $104 |
Aug. 30 | Purchase | 20 units at $110 |
Dec. 12 | Purchase | 90 units at $112 |
There are 40 units of the item in the physical inventory at December 31. The periodic inventory system is used.
Determine the ending inventory cost and the cost of goods sold by three methods. Round interim calculations to one decimal and final answers to the nearest whole dollar.
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Periodic inventory by three methods; cost of goods sold The units of an item available for sale during the year were as follows: Jan. 1 Inventory 30 units at $92 Mar. 10 Purchase 60 units at $104 Aug. 30 Purchase 20 units at $110 Dec. 12 Purchase 90 units
Periodic inventory by three methods; cost of goods sold The units of an item available for sale during the year were as follows: Jan. 1 Inventory 30 units at $100 Mar. 10 Purchase 50 units at $112 Aug. 30 Purchase 30 units at $118 Dec. 12 Purchase 90 units at $122 There are 80 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the ending inventory cost and the cost of...
Periodic Inventory by three methods; cost of goods sold The units of an item available for sale during the year were as follows: Jan. 1 Inventory 50 units at $124 Mar. 10 Purchase 40 units at $134 Aug, 30 Purchase 20 units at $138 Dec. 12 Purchase 90 units at $144 There are 40 units of the item in the physical inventory of December 31. The periodic inventory system is used. Determine the ending inventory cost and the cost of...
Periodic Inventory by Three Methods; Cost of Merchandise Sold The units of an item available for sale during the year were as follows: Jan. 1 Inventory 30 units @ $92 Mar. 10 Purchase 70 units @ $102 Aug. 30 Purchase 30 units @ $106 Dec. 12 Purchase 70 units @ $112 There are 80 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost and the cost of merchandise...
The units of an item available for sale during the year were as follows: Jan. 1 Inventory 50 units at $128 Mar. 10 Purchase 50 units at $138 Aug. 30 Purchase 10 units at $142 Dec. 12 Purchase 90 units at $148 There are 80 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the ending inventory cost and the cost of goods sold by three methods. Round interim calculations to...
Periodic inventory by three methods; cost of goods sold The units of an item available for sale during the year were as follows: Jan. 1 Inventory 50 units at $122 Mar. 10 Purchase 70 units at $134 Aug. 30 Purchase 10 units at $140 Dec. 12 Purchase 70 units at $142 There are 80 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the ending inventory cost and the cost of...
Periodic inventory by three methods; cost of goods sold The units of an item available for sale during the year were as follows: Jan. 1 Inventory 40 units at $120 Mar. 10 Purchase 50 units at $132 Aug. 30 Purchase 10 units at $140 Dec. 12 Purchase 100 units at $144 There are 40 units of the item in the physical inventory at December 31. The periodic inventory system is used Determine the ending inventory cost and the cost of...
Periodic inventory by three methods; cost of goods sold The units of an item available for sale during the year were as follows: Mar. 10 Jan. 1 Inventory 50 units at $116 Purchase 70 units at $128 Aug. 30 Purchase 10 units at $134 70 units at $136 There are 80 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the ending inventory cost and the cost of goods sold by...
Periodic inventory by three methods; cost of goods sold The units of an item available for sale during the year were as follows: Jan. 1 Inventory 40 units at $106 Mar. 10 Purchase 70 units at $116 Aug. 30 Purchase 20 units at $124 Dec. 12 Purchase 70 units at $126 There are 80 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the ending inventory cost and the cost of...
Periodic Inventory by Three Methods: Cost of Merchandise Sold The units of an item available for sale during the year were as follows: Jan. 1 Inventory 50 units $92 Mar. 10 Purchase 70 units @ $102 Aug. 30 Purchase 30 units $110 Dec. 12 Purchase 50 units $114 There are 60 units of the item in the physical Inventory at December 31. The periodic Inventory system is used. Determine the inventory cost and the cost of merchandise sold by three...
Periodic inventory by three methods; cost of goods sold The units of an item available for sale during the year were as follows: Jan. 1 Inventory 50 units at $124 Mar. 10 Purchase 50 units at $134 Aug. 30 Purchase 30 units at $142 Dec. 12 Purchase 70 units at $146 There are 80 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the ending inventory cost and the cost of...