The lvanhoe Store had a beginning irwentory on January $1$ of $310$ full$-$size strollers at a cost of $$210$ per unit. During the year, the

following purchases were made:

At the end of the year, there were $35$ units on hand. The lvanhoe Store uses a periodic inventory system.

$($a$)$

Your answer is correct.

Determine the cost of goods awailable for sale

Cost of goods awailable for sale

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Solution

$($b$)$

Your answer is correct.

During the year, The lvanhoe Store sold the strollers for $$310$ per unit.

Calculate the number of units sold during the year and total sales revenue.

Number of units sold

Total sales revenue

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Solution

$($c$)$

Determine the cost of the ending imventory and the cost of goods sold using $[1]$ FIFO and $[2]$ weighted average. $($Round the

weighted average cost per unit to $2$ decimal ploces, e$.$g$.15\mathrm{.}25$ and final answers to $0$ decimal places, e$\mathrm{.}8.5,275.]$