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Wattan Company reports beginning inventory of 17 units at $63 each. Every week for four weeks it purchases an additional 17 units at respective
Wattan Company reports beginning inventory of 17 units at $63 each. Every week for four weeks it purchases an additional 17 units at respective costs of $64, $65, $68, and $73 per unit for weeks 1 through 4. Compute the cost of goods available for sale and the units available for sale for this four-week period. Assume that no sales occur during those four weeks. Activity Beginning Inventory Units Units cost Cost of Goods Available 10$ 60.00 $ 600 1st week purchase 2nd week purchase 3rd week purchase 10 S 61.00 610 10 $ 62.00 620 10 S 65.00 650 4th week purchase 10 S 70.00 700 Units available for sale 50 Cost of goods available for sale $ 3,180
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