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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 2 0
Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particular product in as follows:
Jan. Beginning inventory units @ $ $
Jan. Sold units @ $
Mar. Purchased units @ $
Mar. Sold units @ $
July Purchased units @ $
Oct. Purchased units @ $
Oct. Sold units @ $
Required:
Calculate the total goods available for sale in units and cost
Calculate the number of units sold and units remaining in ending inventory.
Determine the share of the cost of goods available for sale calculated in Part that should be assigned to ending inventory and to goods sold under: Do not round the intermediate calculations and round the final answers to nearest whole dollar.
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