QUESTION 5 Olympus Climbers Company has the following inventory data: July 1 Beginning inventory 30 units at $19 $ 570...

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QUESTION 5 Olympus Climbers Company has the following inventory data: July 1 Beginning inventory 30 units at $19 $ 570 Purcha

Answer 1

Answer #1

Unis sold = Units available for sale - Units in ending inventory

= (30+105+15)-48 = 102 units

Cost of Goods Sold (102 units)

= (30*19)+(102-30)*20

= 2010

Option C is the answer

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Answer 2

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