Answered step by step
Verified Expert Solution
Question
1 Approved Answer
April 1 Beginning inventory 700 units @ $36 = $25,200 April 7 Purchase 580 units @ $40 = $23,200 April 11 Sale 1,000 units @
April 1 Beginning inventory 700 units @ $36 = $25,200 April 7 Purchase 580 units @ $40 = $23,200 April 11 Sale 1,000 units @ $110 April 16 Purchase 500 units @ $44 = $22,000 April 22 Sale 400 units @ $110 April 29 Purchase 480 units @ 550 = $24,000