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Sunland Companys record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 1,020 @ $6.00 April 3
Sunland Companys record of transactions for the month of April was as follows.
Purchases | Sales | ||||||||||
April 1 | (balance on hand) | 1,020 | @ | $6.00 | April 3 | 850 | @ | $10.00 | |||
4 | 2,550 | @ | 6.08 | 9 | 2,380 | @ | 10.00 | ||||
8 | 1,360 | @ | 6.40 | 11 | 1,020 | @ | 11.00 | ||||
13 | 2,040 | @ | 6.50 | 23 | 2,040 | @ | 11.00 | ||||
21 | 1,190 | @ | 6.60 | 27 | 1,530 | @ | 12.00 | ||||
29 | 850 | @ | 6.79 | 7,820 | |||||||
9,010 |
Compute cost of goods sold assuming periodic inventory procedures and inventory priced at FIFO. (Round answer to 0 decimal places, e.g. 2,760.)
Cost of goods sold | $ |
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