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Golden Eagle Company began operations on April 1 by selling a single product. Data on purchases and sales for the year are as follows: Purchases
Golden Eagle Company began operations on April 1 by selling a single product. Data on purchases and sales for the year are as follows: Purchases Date April 6 May 18 June 6 July 10 August 10 October 25 November 4 December 10 Units Purchased 31,000 33,000 40,000 40,000 27.200 12,800 8,000 8,000 200,000 Unit CostTotal Cost $36.60 $1,134,600 1,287,000 1,584,000 ,680,000 1,162,800 556,800 358,800 384,000 $8,148,000 39.00 39.60 42.00 42.75 43.50 44.85 48.00 Sales: April May June July August September October 16,000 units 16,000 20,000 24,000 28,000 28,000 18,000
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