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The Pharoah Store had a beginning inventory on January 1 of 300 full-size strollers at a cost of $180 per unit. During the year, the
The Pharoah Store had a beginning inventory on January 1 of 300 full-size strollers at a cost of $180 per unit. During the year, the following purchases were made: Units Unit Cost Mar. 15 78 $181 July 20 60 180 Sept. 4 25 178 Dec. 2 11 173 At the end of the year, there were 36 units on hand. The Pharoah Store uses a periodic inventory system. COST OF GOODS AVAILIBLE FOR SALE: 85271 during the year the pharoah store sold the stollers for 330 per unit calculate the number of units sold during the year and told sales revenue number of units sold 438 total sales revenue 144540 determine the ending inventory and cost of goods sold using (1)FIFO and (2) weighted average and then calculate gross profit for (1)FIFO and (2) weighted average
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