Question
The following inventory transactions apply to Green Company for Year 2: January 1 Purchased 260 units @ $50 April 1 Sold 130 units @ $85
The following inventory transactions apply to Green Company for Year 2:
| January 1 | Purchased 260 units @ $50 |
|---|---|
| April 1 | Sold 130 units @ $85 |
| August 1 | Purchased 390 units @ $56 |
| December 1 | Sold 490 units @ $96 |
The beginning inventory consisted of 180 units at $48 per unit. All transactions are cash transactions. Compute Cost Of Goods Sold
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Principles of Accounting
Authors: Needles, Powers, crosson
11th Edition
1439037744, 978-1133626985, 978-1439037744
