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Need help on part B please. Thanks! Current Attempt in Progress Novak Ltd. had a beginning inventory on January 1 of 250 units of product
Need help on part B please. Thanks!
Current Attempt in Progress Novak Ltd. had a beginning inventory on January 1 of 250 units of product SXL at a cost of $ 162 per unit. During the yea r, purchases were as follows: Units Unit Cost Total Cost Mar. 15 T00 $ 151 $ 105300 J uly 20 500 145 ?2,5 00 Se pt. 4 45 0 135 60350 Dec. 2 100 124 12,400 Novak uses a periodic inventory system. At the end of the year. a physical inventory count determined that there were 200 units on hand. (a) V Your answer is correct. Determine the cost of goods available for sale. Cost of Goods Available for Sale $ eTexthook and Media Assistance Used Attempts: 3 of 5 used (bl Determine the cost of the ending inventory and the cost of the goods sold using {1) FIFO and {2) average cost. {Do not round mighted average unitcost. RoundAwuge answers to 0 decimal places, 23. 5.125.] FIFO AverageStep by Step Solution
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