Question
Sheridan Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 150 $6 $900 12 Purchase
Sheridan Company reports the following for the month of June.
| Date | Explanation | Units | Unit Cost | Total Cost | ||||||
| June 1 | Inventory | 150 | $6 | $900 | ||||||
| 12 | Purchase | 450 | 7 | 3,150 | ||||||
| 23 | Purchase | 400 | 8 | 3,200 | ||||||
| 30 | Inventory | 80 | ||||||||
Assume a sale of 500 units occurred on June 15 for a selling price of $9 and a sale of 420 units on June 27 for $10.
Calculate the cost of goods available for sale:
The cost of goods available for sale $__________
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The Iso 9000 Auditors Companion
Authors: Kent A. Keeney
1st Edition
0873893247, 978-0873893244
