Question
Find the cost ratio for the inventory table shown below. Date of purchase Units purchased Cost per Total Retail price Total retail unit cost
Find the cost ratio for the inventory table shown below. Date of purchase Units purchased Cost per Total Retail price Total retail unit cost per unit value Beginning inventory 95 $11 $1,045 $18 $1,710 April 12 22 $9 $198 $12 $264 May 8 16 $10 $160 $16 $256 June 2 36 $13 $468 $21 $756 Goods available for sale 169 $1,871 $2,986 Units sold 89 Ending inventory 80 The cost ratio is (Type an integer or decimal rounded to the nearest thousandth as needed.)
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
10th edition
1260481956, 1260310175, 978-1260481952
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