Question
A company made the following purchases during the year: Jan. 10 15 units at $360 each Mar. 15 25 units at $390 each Apr. 25
A company made the following purchases during the year:
| Jan. 10 | 15 | units at | $360 each |
| Mar. 15 | 25 | units at | $390 each |
| Apr. 25 | 10 | units at | $420 each |
| July 30 | 20 | units at | $450 each |
| Oct. 10 | 15 | units at | $480 each |
On December 31, there were 28 units in ending inventory. These 28 units consisted of 1 from the January 10 purchase, 2 from the March 15 purchase, 5 from the April 25 purchase, 15 from the July 30 purchase, and 5 from the October 10 purchase. Using specific identification, what would be the cost of the ending inventory, what is the number of units in the ending inventory, what is the COGS. What is the Gross Profit? The selling price for the units sold is $550.
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Guide On Marketing Audit Start Conducting A Successful Marketing Audit
Authors: Milly Anecelle
1st Edition
B0BM429R34, 979-8363321580
