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Aiello had the following inventory in fiscal 2016. Compute the companys cost of goods sold for fiscal 2016 assuming the company used average cost methods
Aiello had the following inventory in fiscal 2016. Compute the companys cost of goods sold for fiscal 2016 assuming the company used average cost methods of accounting for inventory.
Beginning Inventory | 130 units | $15.00 per unit |
Purchase 1 | 200 units | $18.00 per unit |
Purchase 2 | 50 units | $13.50 per unit |
Purchase 3 | 110 units | $15.75 per unit |
Ending Inventory | 120 units |
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