Find the cost of goods sold if sales total $78,526 for the inventory table shown below. Units Cost per Total Retail price Total retail cost per unit $36,550 $1,760 $38,720 $975 $17,550 $490 $14,700 $107,520 Date of purchase Beginning inventory February 5 February 19 March 3 Goods available for sale Units sold Ending inventory purchased unit 43 $850 22 18 30 113 83 30 (Round to the nearest cent as needed.) $985 $2,115 $2,006 $610 value $42,355 $46,530 $36,108 $18,300 $143,293

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Find the cost of goods sold if sales total $78,526 for the inventory table shown below.
Cost per Total
Retail price
Total retail
Units
purchased unit
per unit
$985
43
$850
22
$2,115
Date of purchase
Beginning inventory
February 5
February 19
March 3
Goods available for
sale
Units sold
Ending inventory
18
30
113
83
30
cost
$36,550
$1,760 $38,720
$975 $17,550 $2,006
$490 $14,700
$610
$107,520
(Round to the nearest cent as needed.)
value
$42,355
$46,530
$36,108
$18,300
$143,293
Transcribed Image Text:Find the cost of goods sold if sales total $78,526 for the inventory table shown below. Cost per Total Retail price Total retail Units purchased unit per unit $985 43 $850 22 $2,115 Date of purchase Beginning inventory February 5 February 19 March 3 Goods available for sale Units sold Ending inventory 18 30 113 83 30 cost $36,550 $1,760 $38,720 $975 $17,550 $2,006 $490 $14,700 $610 $107,520 (Round to the nearest cent as needed.) value $42,355 $46,530 $36,108 $18,300 $143,293
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