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A company uses a periodic inventory system on august 1, the company had 6 items of beginning inventory with a cost of $7 per unit
A company uses a periodic inventory system on august 1, the company had 6 items of beginning inventory with a cost of $7 per unit on August 3, the company purchased 16 units at $14 per unit then, on August 5, the company sold 12 units the 12 units sold consisted of 7 units from the August 3rd purchase and 5 units from the August 1st beginning inventory using specific identification, the cost of the 12 units sold is?
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ANSWER 13300 WORKINGS Units sold 12 Units sold from Aug 03 ...
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