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Question: ily Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 150 $10 $1,500 12
Question:ily Company reports the following for the month of June.
Date Explanation Units Unit Cost Total Cost
June 1 Inventory 150 $10 $1,500
12 Purchase 450 11 4,950
23 Purchase 400 12 4,800
30 Inventory 80
Assume a sale of500units occurred on June 15 for a selling price of $13and a sale of420units on June 27 for $14.
Calculate cost of goods available for sale.
The cost of goods available for sale $?
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