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Check my 4 Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particular product
Check my 4 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: Book Jan. 1 Beginning inventory Jan. 1e Sold Mar 7 Purchased Mar. 15 Sold July 28 Purchased Oct. 3 Purchased Oct. 5 sold 130 units $ 7.70 = $ 1,001.00 60 units $16.20 - 972.00 378 units $ 7.00 2,590.00 120 units $16.20- 1,944.00 620 units $ 6.80 4,216.00 570 units $ 6.70 3,819.00 810 units $16.20 13,122.00 Assume that Car Armour specifically sold the following units Jan. 10 be units from beginning inventory Mar. 15: 38 units from beginning inventory, and 90 units from the March 7 purchase Oct. 5: 305 units from the July 28 purchase, and 505 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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