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Novak Skateshop Ltd. reports the following inventory transactions for its skateboards for the month of April. The company uses the perpetual inventory system. Date Apr.
Novak Skateshop Ltd. reports the following inventory transactions for its skateboards for the month of April. The company uses the perpetual inventory system. Date Apr. Explanation 1 Beginning inventory 6 9 14 20 28 Purchases Sales Purchases Sales Purchases Units 30 15 (35 ) 20 (25 ) 20 Unit Cost/Price $53 49 80 44 80 35 Total Cost $1,590 735 880 700
(a) Determine the cost of goods sold and cost of ending inventory using average cost. Novak Skateshop Ltd. reports the following inventory transactions for its skateboards for the month of April. The company uses the perpetual inventory system
Novak Skateshop Ltd. reports the following inventory transactions for its skateboards for the month of April. The company uses the perpetual inventory system. Date Apr. Explanation 1 Beginning inventory 6 9 14 20 28 Purchases Sales Purchases Sales Purchases Units 30 15 (35 ) 20 (25 ) 20 Unit Cost/Price $53 49 80 44 80 35 Total Cost $1,590 735 880 700
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(a) Determine the cost of goods sold and cost of ending inventory using average cost.
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