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Lily Company had a beginning inventory on January 1 of 190 units of Product 4-18-15 at a cost of $20 per unit. During the year,
Lily Company had a beginning inventory on January 1 of 190 units of Product 4-18-15 at a cost of $20 per unit. During the year, the following purchases were made.
Mar. 15 | 450 units | at | $23 | Sept. 4 | 350 units | at | $25 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
July 20 | 230 units | at | $24 | Dec. 2 | 100 units | at | $26 |
1,120 units were sold. Lily Company uses a periodic inventory system.
Determine the 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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