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Just need answers Dumbledore Company is a merchandiser of small plush phoenix birds and has the following inventory data: Beg. inventory-Aug. 1 Purchases -Aug. 15
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Dumbledore Company is a merchandiser of small plush phoenix birds and has the following inventory data: Beg. inventory-Aug. 1 Purchases -Aug. 15 3,000 units at $5 each 8,000 units at $7 each At Aug. 31, the company sold 9,400 units on account at a sales price of $10 per plush phoenix. What is the company's cost of goods available (COGA) for the period? Please enter your response with a dollar sign, no spaces, a comma and no decimals. For example, $1,200 Dumbledore Company is a merchandiser of small plush phoenix birds and has the following inventory data: Beg. inventory -Aug. 1 3,000 units at $5 each Purchases -Aug. 15 8,000 units at $7 each At Aug. 31, the company sold 9,400 units on account at a sales price of $10 per plush phoenix. What is the company's cost of goods sold (COGS) under the FIFO method? Please enter your response with a dollar sign, no spaces, a comma and no decimals. For example, $1,200Step by Step Solution
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