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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
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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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 < Prev 4 of 4 Next >
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 < Prev 4 of 4 Next >
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