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Question 1 of 19 > >> A Moving to another question will save this response. 5 points Save Answer Question 1 Patrick Company tracks the
Question 1 of 19 > >> A Moving to another question will save this response. 5 points Save Answer Question 1 Patrick Company tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each month as if it uses a periodic inventory system. Assume that their records show the following for the month of January... Sales totalled 500 units Units 100 400 Date January 1 January 15 January 24 Beginning Inventory Purchase Purchase Unit Cost $10 8 11 Total Cost $1,000 3,200 2,200 200 5:48 AP 7/21/20 1. Calculate the number and cost of goods available for sale units $ 6400 2. Calculate the number of units in ending inventory units 3. Calculate the cost of ending inventory and cost of goods sold using these methods: FIFO Ending Inventory $ Cost of Goods Sold $ Weighted Average Ending Inventory Cost of Goods Sold $
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