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Transactions Units Unit Cost Beginning inventory, January 1 1,700 $ 45 Transactions during the year: a. Purchase, January 30 3,800 56 b. Sale, March 14
Transactions | Units | Unit Cost | |||||
Beginning inventory, January 1 | 1,700 | $ | 45 | ||||
Transactions during the year: | |||||||
a. | Purchase, January 30 | 3,800 | 56 | ||||
b. | Sale, March 14 ($100 each) | (2,100 | ) | ||||
c. | Purchase, May 1 | 2,500 | 75 | ||||
d. | Sale, August 31 ($100 each)
| (2,600 | ) |
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