Coronado Company's inventory records show the following data: Inventory, January 1 Purchases: June 18 November 8 Unit Cost 9600 $9.00 Units 8600 5500 7.00 8.00

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Coronado Company's inventory records show the following data:
Inventory, January 1
Purchases: June 18
November 8
Units
O $158600
O $190600
$309600
O $154600
9600 $9.00
8600
Unit
Cost
5500
7.00
8.00
A physical inventory on December 31 shows 4000 units on hand. Coronado sells the units for $14 each. The company has an effective
tax rate of 22%. Coronado uses the periodic inventory method. What is the cost of goods available for sale?
Transcribed Image Text:Coronado Company's inventory records show the following data: Inventory, January 1 Purchases: June 18 November 8 Units O $158600 O $190600 $309600 O $154600 9600 $9.00 8600 Unit Cost 5500 7.00 8.00 A physical inventory on December 31 shows 4000 units on hand. Coronado sells the units for $14 each. The company has an effective tax rate of 22%. Coronado uses the periodic inventory method. What is the cost of goods available for sale?
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