cookie creations chapter 6

Natalie is busy establishing both divisions of her business (cookie classes and mixer sales) and completing her business degree. Her koals for the next 11 months are to sell one mixer per month and to give two to three classes per week. The cost of the fine European mixers is expected to increase. Natalie has just negotiated new terms with Kzinski that include shipping costs in the negotiated purchase price (mixers will be shipped FOB destination), but the supplier cannot guarantee the invoice price. Natalie has decided to use a periodic inventory system and now must choose a cost flow assumpticg for her miker imventory. The following transactions occur in February to May 2021. Feb.2 Natalie buys two deluxe mixers on account from Kzinski Supply Co. for $1.150 ( $575 each). FOB destination, terms n/30. 16. She sells one delixe mixer for $1,100cash. 25. She pars the amount owed to Krinshi. Mar. 2 She buys one deluxe mixer on account from Kzinski Supply Co, for $5%2, FOB destination, terms n/30. 30 - Natalie sells two deluxe mixers for a total of $2.200cash 31 She pays the amount owed to Krinki. Apr. 1 She buys two deluxe mixers on account from Kzinski Supply Ca for $1,172 (\$586 each), FOB destination, termis n/30. 13. She sells three deluxe mixers for a total of $3,300cash. 30 Natalie selis two deluxe mixers for a total of $2,200 cash 31 She pays the amount owed to Krinski. Apr.1 She buys two deluxe mixers on account from Kzinski Supply C o. for $1.172 (\$586 each), FOB destination, terms n/30. 13 She sells three deluke mixers for a total of $3300 cash. 30 Natalie pays the amount owed to Kzinski. May 4 She buys three deluxe mixers on account from Kzinski Supply Ca. for $1,800 ( $600 each), FOB destination, terms n/30. 27 She sells one deluxe mixer for $1.100 cash. Determine the cost of goods available for sale. Recall from Chapter 5 that at the end of January, Cookie Creations had three mixers on hand at a cost of $570 each. Cost of goods available for sale