Date of purchase Units purchased Find the cost of goods sold if sales total $78,857 for the inventory table shown below. Cost per Retail price Total retail Total unit cost per unit value Beginning inventory 41 $860 $35,260 $985 $40,385 February 5 20 $1,770 $35,400 $2,105 $42,100 February 19 17 $975 $16,575 $2,016 $34,272 March 3 27 $490 $13,230 $590 $15,930 Goods available for 105 $100,465 $132,687 sale Units sold 83 Ending inventory 22 (Round to the nearest cent as needed.)
Date of purchase Units purchased Find the cost of goods sold if sales total $78,857 for the inventory table shown below. Cost per Retail price Total retail Total unit cost per unit value Beginning inventory 41 $860 $35,260 $985 $40,385 February 5 20 $1,770 $35,400 $2,105 $42,100 February 19 17 $975 $16,575 $2,016 $34,272 March 3 27 $490 $13,230 $590 $15,930 Goods available for 105 $100,465 $132,687 sale Units sold 83 Ending inventory 22 (Round to the nearest cent as needed.)
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter7: Inventories
Section: Chapter Questions
Problem 4PEB: Beginning inventory, purchases, and sales for WCS12 are as follows: Assuming a perpetual inventory...
Related questions
Question
A3
![Date of purchase
Units
purchased
Find the cost of goods sold if sales total $78,857 for the inventory table shown below.
Cost per
Retail price Total retail
Total
unit
cost
per unit
value
Beginning inventory
41
$860
$35,260
$985
$40,385
February 5
20
$1,770
$35,400
$2,105
$42,100
February 19
17
$975
$16,575
$2,016
$34,272
March 3
27
$490
$13,230
$590
$15,930
Goods available for
105
$100,465
$132,687
sale
Units sold
83
Ending inventory
22
(Round to the nearest cent as needed.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff6d147c8-a2e1-4f7b-a8c3-4e730efbba73%2F7905c522-3359-4366-a27f-c2049d02333c%2Fd6cnt5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Date of purchase
Units
purchased
Find the cost of goods sold if sales total $78,857 for the inventory table shown below.
Cost per
Retail price Total retail
Total
unit
cost
per unit
value
Beginning inventory
41
$860
$35,260
$985
$40,385
February 5
20
$1,770
$35,400
$2,105
$42,100
February 19
17
$975
$16,575
$2,016
$34,272
March 3
27
$490
$13,230
$590
$15,930
Goods available for
105
$100,465
$132,687
sale
Units sold
83
Ending inventory
22
(Round to the nearest cent as needed.)
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