Applying the Cost of Goods Sold Model Charest Company has the following data for 2018.

\section*{Required:}
1. How many units were sold?
2. Using the cost of goods sold model, determine the cost of goods sold.
\section*{OBJECTIVE 2 \\ (2.}
CORNERSTONE 6.2 OBJECTIVE (2) CORNERSTONE 6.3 OBJECTIVE 3 CORNERSTONE 6.5 \section*{Cornerstone Exercise

Transcribed Image Text:

Item Units Cost Inventory, 12/31/2017 Purchases 980 $10.780 4,480 49,280 Inventory, 12/31/2018 750 8,250