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Use the following information for the year of 2019. January 1: Beginning inventory of 50 units at $20 per unit March 5: Purchases of 30
Use the following information for the year of 2019.
January 1: Beginning inventory of 50 units at $20 per unit
March 5: Purchases of 30 units at $25 per unit
April 15: Sales of 30 units at $30 per unit
May 30: Purchases of 50 units at $10 per unit
November 15: Sales of 96 units at $32 per unit
December 1: Purchases of 20 units at $15 per unit
December 31: Ending inventory of 24 units
Calculate the cost of goods sold for the November 15 sale using the MOVING COSTING AVERAGE method in the case of the perpetual inventory system.
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