Question
During the year, Trombley Incorporated has the following inventory transactions. Date Transaction Number of Units Unit Cost Total Cost Jan. 1 Beginning inventory 17 $
During the year, Trombley Incorporated has the following inventory transactions.
| Date | Transaction | Number of Units | Unit Cost | Total Cost | |||||||||
| Jan. | 1 | Beginning inventory | 17 | $ | 19 | $ | 323 | ||||||
| Mar. | 4 | Purchase | 22 | 18 | 396 | ||||||||
| Jun. | 9 | Purchase | 27 | 17 | 459 | ||||||||
| Nov. | 11 | Purchase | 27 | 15 | 405 | ||||||||
| 93 | $ | 1,583 | |||||||||||
For the entire year, the company sells 70 units of inventory for $27 each.
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Managerial Accounting
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
3rd edition
77826485, 978-0077722074, 77722078, 978-0077826482
