Question
January 1 balance, 620 units @ $55per unit $34,100 Purchases: January 10:620 units @ $60 per unit January 20:1,240 units @ $65 per unit Sales:
January 1 balance, 620 units @ $55per unit $34,100
Purchases:
January 10:620 units @ $60 per unit
January 20:1,240 units @ $65 per unit
Sales:
January 12:930 units
January 28:760 units
Compute the January 31 ending inventory and cost of goods sold for January, assuming Limber Martuses average cost and a perpetual inventory system.
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College Accounting Chapters 1-12
Authors: Douglas McQuaig
10th Edition
1439038783, 978-1439038789
