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Inventory by Three Methods; Cost of Goods Sold The units of an item avallable for sale during the year were as follows: Jan. 1 Inventory
Inventory by Three Methods; Cost of Goods Sold The units of an item avallable for sale during the year were as follows: Jan. 1 Inventory 24 units at $1,800 each June 9 Purchase 31 units at $1,950 each July 28 Purchase 14 units at $2,040 each Nov. 1 Purchase 17 units at $2,100 each There are 18 units of the item in the phvsical inventory at December 31 . Determine the cost of endino inventory and the cost of goods sold by three methods, presenting your answers in the following form: Round your final answers to the nearest dollar
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