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Westside Greenhouse sells different greenhouses for purchase. Inventory is as below. Units Cost Total Beginning Inventory 8 $433 March 6 14 $449 June 28 19
Westside Greenhouse sells different greenhouses for purchase. Inventory is as below.
| Units | Cost | Total |
Beginning Inventory | 8 | $433 |
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March 6 | 14 | $449 |
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June 28 | 19 | $451 |
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August 31 | 13 | $452 |
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November 20 | 9 | $456 |
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Total Number of units: |
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Of the 11 houses still on hand, 9 were purchased in November, 1 was purchased in August and 1 was purchased in June. We sold the greenhouses for $799.
| Specific Identification | First- In, First-Out | Last-In, First-Out | Weighted Average |
Cost of Ending Inventory |
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Sales |
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Less: Cost of Merchandise Sold |
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Gross profit on sales |
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