Synergy Company began 2014 with 19,000 units of Product X in its inventory that cost $7.50 per
Question:
Synergy Company began 2014 with 19,000 units of Product X in its inventory that cost $7.50 per unit, and it made successive purchases of the product as follows:
Required:
1. Prepare a calculation showing the number and total cost of the units available for sale during 2014.
2. Prepare calculations showing the amounts that should be assigned to the 2014 ending inventory and to cost of goods sold, assuming:
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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