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Chec Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particular product in 2020
Chec 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 120 units @ $ 6.80 = $ 816.00 Jan. 10 Sold 70 units @ $15.30 = 1,071.00 Mar. 7 Purchased 280 units @ $ 6.10 1, 708.00 Mar. 15 Sold 125 units @$15.30 = 1,912.50 July 28 Purchased 530 units @$ 5.90 3,127.00 Oct. 3 Purchased 480 units @ $ 5.80 2,784.00 Oct. 5 Sold 630 units @ $15.30 = 9,639.00 IIIIIIIII ped = bok k Assume that Car Armour specifically sold the following units: int ences Jan. 10: 70 units from beginning inventory Mar. 15: 25 units from beginning inventory, and 100 units from the March 7 purchase Oct. 5: 170 units from the July 28 purchase, and 460 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.) Ending inventory
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