Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Units Cost/Price Per Unit 1/1/x7 Beginning Balance 100 $3.50 1/31/x7 Purchase 125 $4.00 2/15/x7 Purchase 250 $4.50 2/25/x7 Sale 150 $7.75 3/10/x7 Purchase 300 $5.00
Units | Cost/Price Per Unit | |
1/1/x7 Beginning Balance | 100 | $3.50 |
1/31/x7 Purchase | 125 | $4.00 |
2/15/x7 Purchase | 250 | $4.50 |
2/25/x7 Sale | 150 | $7.75 |
3/10/x7 Purchase | 300 | $5.00 |
3/31/x7 Purchase | 75 | $5.50 |
4/10/x7 Sale | 225 | $8.25 |
4/15/x7 Purchase | 100 | $6.00 |
4/30/x7 Sale | 350 | $8.50 |
- How many units were available for sale throughout the year?
- What was the total value of all goods available for sale throughout the year?
- How many physical units were sold?
- How many physical units are in ending inventory?
- What is the total sales value for all three sales?
Units | Price Per Unit | Total | |
2/25/x7 Sale |
|
|
|
4/10/x7 Sale |
|
|
|
4/30/x7 Sale |
|
|
|
Total |
|
|
|
Templete
Purchased Unit Cost Sold Balance in inventory Units Unit cost Total Total Date Units Units Unit price Total Beginning 1/31/17 2/25/17 4/30/17 What is the total sales value for all three sales? Units Price Per Unit Total 2/25/x7 Sale 4/10/x7 Sale 4/30/x7 Sale TotalStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started