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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 2020
Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particular product in 2020 as follows: Jan. 1 Beginning inventory Jan. 10 Sold Mar. 7 Purchased Mar. 15 Sold July 28 Purchased Oct. 3 Purchased Oct. 5 Sold 110 units es 6.40 $ 80 units @ $14.90- 240 units es 5.70 - 130 units $14.90 490 units e$ 5.50 440 units es 5.40 - 570 units @ $14.90- 704.00 1,192.00 1,368.00 1,937.00 2,695.00 2,376.00 8,493.00 Required: 1. Calculate the total goods available for sale (in units and cost). Total goods available for sale Units Cost 2. Calculate the number of units sold and units remaining in ending inventory. Number of units sold Number units remaining in ending inventory
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