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Inventory by Three Methods; Cost of Goods Sold The units of an item available for sale during the year were as follows: Jan. 1 Inventory
Inventory by Three Methods; Cost of Goods Sold The units of an item available for sale during the year were as follows: Jan. 1 Inventory 20 units at $1,800 each June 9 Purchase 29 units at $1,950 each July 28 Purchase 10 units at $2,040 each Nov. 1 Purchase 16 units at $2,100 each There are 20 units of the item in the physical inventory at December 31. Determine the cost of ending inventory and the cost of goods sold by three methods, presenting your answers in the following form
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