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Monty Ltd. had a beginning inventory on January 1 of 250 units of product SXL at a cost of $158 per unit. During the year,
Monty Ltd. had a beginning inventory on January 1 of 250 units of product SXL at a cost of $158 per unit. During the year, purchases were as follows: Units Unit Cost Total Cost Mar. 15 700 $151 $105,700 July 20 500 145 72,500 Sept. 4 450 135 60,750 Dec. 2 100 124 12,400 Monty uses a periodic inventory system. At the end of the year, a physical inventory count determined that there were 200 units on hand. Collapse question part (a) Determine the cost of goods available for sale. Cost of Goods Available for Sale $
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