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Flint Corporation began operations on December 1, 2019. The only inventory transaction in 2019 was the purchase of inventory on December 10, 2019, at a
Flint Corporation began operations on December 1, 2019. The only inventory transaction in 2019 was the purchase of inventory on December 10, 2019, at a cost of $20 per unit. None of this inventory was sold in 2019. Relevant information for fiscal 2020 is as follows:
Ending inventory units:
December 31, 2019 : 140
December 31, 2020, by purchase date
?Dec. 2, 2020 : 140
?July 20, 2020 :32172
During 2020, the following purchases and sales were made:
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