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 Man. 15 Sold July 28 Purchased. Purchased Oct. 3 Purchased Oct. 5 Sold 130 units @s 7.10 -5 60 units @115.00 310 units @1 6.40 120 units @115.60 560 units @1 6.20 510 units @1 6.10 600 units @315.60 Assume that Car Armour specifically sold the following units Jen 10: 60 units from beginning inventory Mar. 15 30 units from begioning inventory, and 90 units from the Parch? chose Oct. 51 215 units from the July 28 purchase, and 475 units from the October 3 purchase 923.00 936.00 1,984.00 1,372.00 3,472.00 3,111.00 10,764.00 Ending inventory Cost of goods sold Calculate cost to be assigned to ending inventory and cost of goods soid (Round your final answers to 2 decimal places.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
Man 15 Sold
July 28 Purchased
Oct. 3. Purchased
Oct. 5 Sold
130 units @s 7.10
60 units @$15.00
310 units @1 6.40
120 units @$15.60
560 units @$ 6.20-
510 units @1 6.10
600 units @$15.60
Assume that Car Armour specifically sold the following units
Jon. 10: 60 units from beginning inventory
Mar 150 10 units from beginning inventory, and
from the Pacch 7 purchase
51 215 units from the July 28 purch
and
475 units from the October 3 purchase
Oct.
$ 923.00
936.00
1,984,00
1,372.00
3,472.00
3,111.00
10,764.00
Ending inventory
Cost of goods sold
Calculate cost to be assigned to ending inventory and cost of goods sold (Round your final answers to 2 decimal places.)
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 Man 15 Sold July 28 Purchased Oct. 3. Purchased Oct. 5 Sold 130 units @s 7.10 60 units @$15.00 310 units @1 6.40 120 units @$15.60 560 units @$ 6.20- 510 units @1 6.10 600 units @$15.60 Assume that Car Armour specifically sold the following units Jon. 10: 60 units from beginning inventory Mar 150 10 units from beginning inventory, and from the Pacch 7 purchase 51 215 units from the July 28 purch and 475 units from the October 3 purchase Oct. $ 923.00 936.00 1,984,00 1,372.00 3,472.00 3,111.00 10,764.00 Ending inventory Cost of goods sold Calculate cost to be assigned to ending inventory and cost of goods sold (Round your final answers to 2 decimal places.)
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