help Find the cost of goods sold if sales total $78,520 for the inventory table shown below.UnitsCost per TotalRetail price Total retailDate of purchase purchasedunitper unit$98543$83022$1,750 $38,500$2,11516$975 $15,600 $1,99626$470$12,220$610107$102,0108027Beginning inventoryFebruary 5February 19March 3Goods available forsaleUnits soldEnding inventory(Round to the nearest cent as needed.)cost$35,690value$42,355$46,530$31,936$15,860$136,681

The cost of goods sold is cost incurred on the goods that are sold. It is deducted from the sales…

Find the cost of goods sold if sales total $78,520 for the inventory table shown below. Cost per Total Total retail Units purchased unit cost $35,690 43 22 $38,500 $15,600 $12,220 $102,010 Date of purchase Beginning inventory February 5 February 19 March 3 Goods available for sale Units sold Ending inventory 16 26 107 80 27 $830 $1,750 $975 $470 $(Round to the nearest cent as needed.) Retail price per unit $985 $2,115 $1,996 $610 value $42,355 $46,530 $31,936 $15,860 $136,681

Find the cost of goods sold if sales total $78,520 for the inventory table shown below. Cost per Total Total retail Units purchased unit cost $35,690 43 22 $38,500 $15,600 $12,220 $102,010 Date of purchase Beginning inventory February 5 February 19 March 3 Goods available for sale Units sold Ending inventory 16 26 107 80 27 $830 $1,750 $975 $470 $(Round to the nearest cent as needed.) Retail price per unit $985 $2,115 $1,996 $610 value $42,355 $46,530 $31,936 $15,860 $136,681

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter6: Inventories

Section: Chapter Questions

Problem 7DQ: Using the following data, how should the inventory be valued under lower of cost or market? Original...

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