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The Stilton Company has the following inventory and credit purchases during the Fiscal year ended Demeber 31, 2020. Stilton Comany has two credit sales during
The Stilton Company has the following inventory and credit purchases during the Fiscal year ended Demeber 31, 2020.
BeginningFeb.10Aug.21521units@$88/unit265units@@85/unit145units@$98/unit \begin{tabular}{lllr} & & \multicolumn{2}{c}{ Sales } \\ Print & Mar. & 15 & 345 units \\ ferences & Sept. 10 & 250 units \end{tabular} Stilton Comany has two credit sales during the period. The units have a selling price of $148.00 per unit.
Stilton Company uses a periodic inventory costing system.
1. calculate the dollar value if cost of goods sold and endinf inventory using.
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