Question
Sunland Distribution markets CDs of the performing artist Unique. At the beginning of October, Sunland had in beginning inventory 2,000 of Uniques CDs with a
Sunland Distribution markets CDs of the performing artist Unique. At the beginning of October, Sunland had in beginning inventory 2,000 of Uniques CDs with a unit cost of $5. During October, Sunland made the following purchases of Uniques CDs.
| Oct. 3 | 2,500 | @ | $6 | Oct. 19 | 3,000 | @ | $8 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Oct. 9 | 3,500 | @ | $7 | Oct. 25 | 4,000 | @ | $9 |
In October, 10,750 units were sold. Sunland uses a periodic inventory system.
Determine the cost of goods available for sale.
| Cost of goods available for sale | $Enter the cost of goods available for sale in dollars |
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Auditing Your Information Systems And IT Infrastructure Practical Audit Programs Checklists For Internal Auditors
Authors: Nwabueze Ohia
1st Edition
1973136260, 978-1973136262
