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ABC Company sells many products. PlayStation is one of its popular items. Below is an analysis of the inventory purchases and sales of PlayStation
"ABC" Company sells many products. PlayStation is one of its popular items. Below is an analysis of the inventory purchases and sales of PlayStation for the month of March. Date Transaction Par Qu 10 Purchases Sales UnitsCost per unitUnitsSelling Price Per Unit 1/3 Beginning inventory 100 $40 3/3 Purchase 60 $50 4/3 Sales 70 $80 10/3 Purchase 200 $55 16/3 Sales 80 19/3 Sales 888 $90 60 $90 25/3 Sales 70 $90 30/3 Purchase 40 $60 Instructions Using the weighted average method, answer the following questions: 1. What is the amount charged to cost of goods sold for March. 2. What is the amount charged to Inventory for March. 3. If the inventory has an NRV of $6500, Then the inventory must be presented on the statement of financial position with an amount equal to Par Que 15 Finish
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