QUESTION 7 Apple-A-Day Company has the following inventory data: 40 units at $20 $ 800 July...

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Question

QUESTION 7 Apple-A-Day Company has the following inventory data: 40 units at $20 $ 800 July 1 Beginning inventory 140 units a

Answer 1

Answer #1

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

= (40+140+20) - 50

= 150 units

Cost of Goods Sold (150 units)

= (20*22) + (150-20)*21

= 3170

Option A

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Answer 2

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