Sandhill Trading Company uses a periodic inventory system and has a beginning inventory as of April 1 of 255 tents. This consists of 255 tents purchased in February at a cost of $420 each. During April, the company had the following purchases and sales of tents. Date April 3 (a1) 10 17 24 30 Purchases Units Unit Cost Units 305 405 $460 480 182 355 Ending inventory in units 305 Cost of goods available for sale $ Sales Unit Price $610 610 Determine cost of goods available for sale and ending inventory in units. 610
Sandhill Trading Company uses a periodic inventory system and has a beginning inventory as of April 1 of 255 tents. This consists of 255 tents purchased in February at a cost of $420 each. During April, the company had the following purchases and sales of tents. Date April 3 (a1) 10 17 24 30 Purchases Units Unit Cost Units 305 405 $460 480 182 355 Ending inventory in units 305 Cost of goods available for sale $ Sales Unit Price $610 610 Determine cost of goods available for sale and ending inventory in units. 610
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Sandhill Trading Company uses a periodic inventory system and has a beginning inventory as of April 1 of 255 tents. This consists of
255 tents purchased in February at a cost of $420 each. During April, the company had the following purchases and sales of tents.
Date
April 3
10
17
(a1)
24
30
Purchases
Units Unit Cost
305
405
$460
480
Units
182
Ending inventory in units
355
305
Cost of goods available for sale $
Sales
Unit Price
$610
610
Determine cost of goods available for sale and ending inventory in units.
610](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc52676d0-39de-4f84-ba95-004ddcd7302a%2F962d4773-3db8-4e01-b4b5-13a2a9bcf70b%2Fipbcxzb_processed.png&w=3840&q=75)
Transcribed Image Text:Sandhill Trading Company uses a periodic inventory system and has a beginning inventory as of April 1 of 255 tents. This consists of
255 tents purchased in February at a cost of $420 each. During April, the company had the following purchases and sales of tents.
Date
April 3
10
17
(a1)
24
30
Purchases
Units Unit Cost
305
405
$460
480
Units
182
Ending inventory in units
355
305
Cost of goods available for sale $
Sales
Unit Price
$610
610
Determine cost of goods available for sale and ending inventory in units.
610
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