Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particular product in 2023 as follows: Jan. 1 Beginning inventory Jan. 10 Sold Mar. 7 Purchased Mar. 15 Sold July 28 Purchased Oct. 3 Purchased Oct. 5 Sold 120 units @ $7.10 70 units @ $15.60 = 310 units @ $ 6.40 = 125 units @ $15.60 = 560 units @ $ 6.20 = 510 units @ $ 6.10 = 680 units @ $15.60 = Total goods available for sale Required: 1. Calculate the total goods available for sale (in units and cost). Units $ 852.00 1,092.00 1,984.00 1,950.00 3,472.00 3,111.00 10,608.00 Cost
Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particular product in 2023 as follows: Jan. 1 Beginning inventory Jan. 10 Sold Mar. 7 Purchased Mar. 15 Sold July 28 Purchased Oct. 3 Purchased Oct. 5 Sold 120 units @ $7.10 70 units @ $15.60 = 310 units @ $ 6.40 = 125 units @ $15.60 = 560 units @ $ 6.20 = 510 units @ $ 6.10 = 680 units @ $15.60 = Total goods available for sale Required: 1. Calculate the total goods available for sale (in units and cost). Units $ 852.00 1,092.00 1,984.00 1,950.00 3,472.00 3,111.00 10,608.00 Cost
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
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Transcribed Image Text:Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a
particular product in 2023 as follows: Jan. 1 Beginning inventory Jan. 10 Sold Mar. 7 Purchased Mar. 15 Sold July 28
Purchased Oct. 3 Purchased Oct. 5 Sold 120 units @ $ 7.10 70 units @ $15.60 = 310 units @ $ 6.40 = 125 units @ $15.60 =
560 units @ $ 6.20 = 510 units @ $ 6.10 = 680 units @ $15.60 = Total goods available for sale Required: 1. Calculate the
total goods available for sale (in units and cost). Units $852.00 1,092.00 1,984.00 1,950.00 3,472.00 3,111.00 10,608.00
Cost
aw
Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particular
product in 2023 as follows:
Jan. 1 Beginning inventory
Jan. 10 Sold
Mar. 7 Purchased
Mar. 15 Sold
July 28 Purchased
Oct. 3 Purchased
Oct. 5 Sold
Total goods available for sale
Show Transcribed Text
120 units @$ 7.10
70 units $15.60-
310 units @5 6.40-
125 units @$15.60
560 units @S 6.20-
510 units @s 6.10
680 units $15.60-
Required:
1. Calculate the total goods available for sale (in units and cost).
a. FIFO
b. Moving weighted average
Units
Cost
$
3
852.00
1,092.00
1,984.00
1,950.00
3,472.00
3,111.00
10,608.00
Gross Profit
2. Also calculate the gross profit under each method. (Do not round intermediate calculations. Round your final answer
decimal places.)
Ć
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