Shown below is the activity for one of the products of Random Creations:January 1 balance, 80 units e $50 $4, eeePurchases:January 18:January 28:Sales:January 12:January 22:January 31:40 units e $5140 units $5230 units30 units45 unitsRequired:Compute the January 31 ending inventory and cost of goods sold for January, assuming Random Creations usesaverage cost and a periodic inventory system. (Round intermediate calculations to two decimal numbers. Roundyour final answers to nearest whole dollar amount.)tions: OnAccessibility: Investigate

Date Units Rate Total 01-Jan 80 $ 50.00 $ 4,000 18-Jan 40 $ 51.00 $ 2,040…

Answered: the activity for one of the products of…

the activity for one of the products of Random Creations: ance, 80 units sse $4,00e 40 units $51 40 units e S52 30 units 30 units 45 units

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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