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ST Co. sells high end leather coats and uses a perpetual inventory system. The following schedule relates to the company's clothing inventory for the month
ST Co. sells high end leather coats and uses a perpetual inventory system. The following schedule relates to the company's clothing inventory for the month of April: Units April 1 Beginning inventory 85 units 3 Purchase 53 units 5 Sale 35 units 11 Purchase 27 units 15 Sale 58 units 22 Sale 45 units 28 Purchase 55 units Cost ($) Sales ($) 51,765 33,867 33,000 17,793 68,750 48,000 37,895 (a) Your answer is correct. Calculate ST's cost of goods available for sale. 141320 Cost of goods available for sale $L SHOW SOLUTION LINK TO TEXT LINK TO TEXT Attempts: 1 of 2 used (b) Calculate the cost of goods sold and ending inventory under each of the following costing assumptions: (Round intermediate calculations to 2 decimal places, e.g. 125.25 and final answers to the nearest whole dollar, e.g. 5,275.) Cost of goods sold Ending inventory FIFO Weighted-average $
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