Question
Inventory data for Sheridan Company are reported as follows. Date Explanation Units Unit Cost Total Cost June 1 Inventory 200 $6 $1,200 12 Purchase 600
Inventory data for Sheridan Company are reported as follows.
| Date | Explanation | Units | Unit Cost | Total Cost | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| June 1 | Inventory | 200 | $6 | $1,200 | ||||||
| 12 | Purchase | 600 | 7 | 4,200 | ||||||
| 23 | Purchase | 370 | 8 | 2,960 | ||||||
| 30 | Inventory | 90 | ||||||||
Assume a sale of 670 units occurred on June 15 for a selling price of $12 and a sale of 410 units on June 27 for $9.
Calculate cost of goods available for sale.
| The cost of goods available for sale | $enter the cost of goods available for sale in dollars |
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Business Finance 101 Monopolies Accounting Audits And Blockchain
Authors: Louis Bevoc
1st Edition
1791808182, 978-1791808181
