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Please answer all INVENTORY COST FLOW: part 1 Inventory related transactions for the month of January. Use to solve the next several questions. Jan 1:
Please answer all INVENTORY COST FLOW: part 1 Inventory related transactions for the month of January. Use to solve the next several questions. Jan 1: Beginning Inventory: 2,000 units at $4 cost per unit. Jan 8: Sold 1,000 units to a customer at a SALES PRICE of $9 per unit. Jan 12: Purchase from supplier: 4,000 units at $6 PURCHASE PRICE per unit. Jan 22: Sold 3,000 units at a sales price of $11 per unit. Jan 25: Purchase from supplier 3,000 units at $7 purchase price per unit. Jan 27: Sold 2,000 units at a sales price of $13 per unit. You should leave off the "$" when entering your answer. If you forget I will manually adjust your grade later as Canvas will mark it wrong. 1) Calculate GOODS AVAILABLE for the month in DOLLARS $ 2) Calculate GOODS AVAILABLE FOR SALE for the month in UNITS (QUANTITY) 3) Calculate TOTAL SALES for the month in DOLLARS $ 4) Calculate TOTAL SALES for the month in UNITS (QUANTITY) 5) Calculate ENDING INVENTORY in UNITS (QUANTITY)
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