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Ziad Company had a beginning inventory on January 1 of 150 units of Product 4-18-15 at a cost of $20 per unit. During the year,
Ziad Company had a beginning inventory on January 1 of 150 units of Product 4-18-15 at a cost of $20 per unit. During the year, the following purchases were made.
Mar. 15 | 400 units | at | $23 | Sept. 4 | 350 units | at | $26 | |||||||
July 20 | 250 units | at | $24 | Dec. 2 | 100 units | at | $29 |
1,000 units were sold. Ziad Company uses a periodic inventory system.
Determine the cost of goods available for sale.
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