Question
with this information, how do i calculate the cost of goods available for sale? Crane Company reports the following for the month of June. Date
with this information, how do i calculate the cost of goods available for sale?
Crane Company reports the following for the month of June.
| Date | Explanation | Units | Unit Cost | Total Cost | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| June 1 | Inventory | 150 | $ 4 | $ 600 | ||||||
| 12 | Purchase | 450 | 5 | 2,250 | ||||||
| 23 | Purchase | 400 | 6 | 2,400 | ||||||
| 30 | Inventory | 80 | ||||||||
Assume a sale of 500 units occurred on June 15 for a selling price of $ 7 and a sale of 420 units on June 27 for $ 8.
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Connect For Payroll Accounting 2020
Authors: Jeanette Landin
6th Edition
1260943895, 9781260943894
