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Hempstead Company has the following data for 2019: Item Units Cost Inventory Item Units Cost Inventory, 12/31/2018 990 $10,890 Purchases 4,510 49,610 Inventory, 12/31/2019 720
Hempstead Company has the following data for 2019: Item Units Cost Inventory
Item | Units | Cost | ||
Inventory, 12/31/2018 | 990 | $10,890 | ||
Purchases | 4,510 | 49,610 | ||
Inventory, 12/31/2019 | 720 | 8,930 |
1. Using the cost of goods sold model, determine the cost of goods sold.
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