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Bramble Ltd. had a beginning inventory on January 1 of 250 units of product SXL at a cost of $161 per unit. During the year,
Bramble Ltd. had a beginning inventory on January 1 of 250 units of product SXL at a cost of $161 per unit. During the year, purchases were as follows: Mar. 15 July 20 Sept. 4 Dec. 2 Units Unit Cost Total Cost 700 $151 $105,700 500 146 73,000 450 135 60,750 100 12,500 Bramble uses a periodic inventory system. At the end of the year, a physical inventory count determined that there were 200 units on hand. Your answer is correct. Determine the cost of goods available for sale. 292200 Cost of Goods Available for Sale e Textbook and Media x Your answer is incorrect. Determine the cost of the ending inventory and the cost of the goods sold using (1) FIFO and (2) average cost. (Do not round weighted average unit cost. Round Average answers to 2 decimal places, e.g. 5.25.) FIFO Average Ending Inventory $ 59750 146.1 Cost of Goods Sold $ 59750 29220
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