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You have the following information for Pharoah Company for the month ended October 31, 2017. Pharoah Company uses a periodic method for inventory. Date Description
You have the following information for Pharoah Company for the month ended October 31, 2017. Pharoah Company uses a periodic method for inventory.
Date | Description | Units | Unit Cost or Selling Price | |||
Oct. 1 | Beginning inventory | 59 | $22 | |||
Oct. 9 | Purchase | 132 | 24 | |||
Oct. 11 | Sale | 98 | 37 | |||
Oct. 17 | Purchase | 103 | 25 | |||
Oct. 22 | Sale | 56 | 42 | |||
Oct. 25 | Purchase | 74 | 27 | |||
Oct. 29 | Sale | 102 | 42 |
Weighted-average cost per unit: 24.563
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