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Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particular product in 2023 as
Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particular product in 2023 as follows: Jan. 1 Beginning inventory 120 units @ $7.90 = $ Jan. 10 Sold Mar. 7 Purchased Mar. 15 Sold 70 units @ $16.40 = 390 units @ $ 7.20 = 125 units @ $16.40 = 640 units @ $ 7.00 = 590 units @ $ 6.90 948.00 1,148.00 2,808.00 2,050.00 July 28 Purchased 4,480.00 4,071.00 Oct. 3 Purchased Oct. 5 Sold 850 units @ $16.40 = 13,940.00 Assume that Car Armour specifically sold the following units: Jan. 10: 70 units from beginning inventory Mar. 15: 25 units from beginning inventory, and 100 units from the March 7 purchase Oct. 5: 335 units from the July 28 purchase, and 515 units from the October 3 purchase Calculate cost to be assigned to ending inventory and cost of goods sold. (Round your final answers to 2 decimal places.) Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and mode purchases and sales of a particular product in 2023 as follows Assume that Car Armour specifically sold the following units: Calculate cost to be assigned to ending inventory and cost of goods sold. (Round your final answers to 2 decimal places.)
Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particular product in 2023 as follows: Jan. 1 Beginning inventory 120 units @ $7.90 = $ Jan. 10 Sold Mar. 7 Purchased Mar. 15 Sold 70 units @ $16.40 = 390 units @ $ 7.20 = 125 units @ $16.40 = 640 units @ $ 7.00 = 590 units @ $ 6.90 948.00 1,148.00 2,808.00 2,050.00 July 28 Purchased 4,480.00 4,071.00 Oct. 3 Purchased Oct. 5 Sold 850 units @ $16.40 = 13,940.00 Assume that Car Armour specifically sold the following units: Jan. 10: 70 units from beginning inventory Mar. 15: 25 units from beginning inventory, and 100 units from the March 7 purchase Oct. 5: 335 units from the July 28 purchase, and 515 units from the October 3 purchase Calculate cost to be assigned to ending inventory and cost of goods sold. (Round your final answers to 2 decimal places.)
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