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 130 units @$ 6.90 = $ 60 units @$15.40 = 290 units @s 6.20 = 120 units @$15.40- 540 units @$ 6.00- 490 units @s 5.90 660 units @ $15.40 Total goods available for sale Required: 1. Calculate the total goods available for sale (in units and cost). Units 897.990 924.00 Cost 1,798.00 1,848.00 3,240.00 2,891.00 10,164.00
Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particular product in 2023 as follows: Jan. 1 Beginning inventory Jan. 10 Sold Mar. 7 Purchased Mar. 15 Sold July 28 Purchased Oct. 3 Purchased Oct. 5 Sold 130 units @$ 6.90 = $ 60 units @$15.40 = 290 units @s 6.20 = 120 units @$15.40- 540 units @$ 6.00- 490 units @s 5.90 660 units @ $15.40 Total goods available for sale Required: 1. Calculate the total goods available for sale (in units and cost). Units 897.990 924.00 Cost 1,798.00 1,848.00 3,240.00 2,891.00 10,164.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particular
product in 2023 as follows:
Jan. 1 Beginning inventory
Jan. 10 Sold
Mar. 7 Purchased t
Mar. 15 Sold
July 28 Purchased
Oct. 3 Purchased
Oct. 5. Sold
130 units @$ 6.90 = $
60 units @$15.40
290 units @$ 6.20-
120 units @ $15.40 -
Total goods available for sale
540 units @$ 6.00
490 units @$ 5.90
660 units @ $15.40=
Units
897.99
924.00
Required:
1. Calculate the total goods available for sale (in units and cost).
Cost
1,798.00
1,848.00
3,240.00
2,891.00
10,164.00
vived
2. Calculate the number of units sold and units remaining in ending inventory.
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