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The following data are available for the month of April for Dubai Company. The physical count at the end of the month showed that 130

The following data are available for the month of April for Dubai Company. The physical count at the end of the month showed that 130 are still available in the store.

Date

No. of Units / cost per unit

Total cost

April 1 inventory

120 units at $8.00 each

$ 960

April 10 purchase

200 units at $8.20 each

$ 1640

April 20 purchase

410 units at $8.50 each

$ 3485

April 28 purchase

110 units at $9.00 each

$ 990

Required:

1.Calculate the number of units sold during the month of April. Calculate the sales revenues of April assuming a selling price of $15 a unit.

2.Calculate cost of goods sold & cost of ending inventories assuming the FIFO method is used.

3.a. Calculate the gross profit for the month of April assuming FIFO is used.

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