The Baby Store had a beginning inventory on January 1 of 320 full-size strollers at a cost of $180 per unit. During the year, the following purchases were made: Units Unit Cost Mar. 15 78 $181 July 20 62 180 Sept. 4 25 178 Dec. 2 10 173 At the end of the year, there were 35 units on hand. The Baby Store uses a periodic inventory system. During the year, The Baby Store sold the strollers for $300 per unit. Calculate the number of units sold during the year and total sales revenue.
The Baby Store had a beginning inventory on January 1 of 320 full-size strollers at a cost of $180 per unit. During the year, the following purchases were made: Units Unit Cost Mar. 15 78 $181 July 20 62 180 Sept. 4 25 178 Dec. 2 10 173 At the end of the year, there were 35 units on hand. The Baby Store uses a periodic inventory system. During the year, The Baby Store sold the strollers for $300 per unit. Calculate the number of units sold during the year and total sales revenue.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The Baby Store had a beginning inventory on January 1 of 320 full-size strollers at a cost of $180 per unit. During the year, the following purchases were made:
| Units |
Unit Cost |
||||
| Mar. 15 | 78 | $181 | |||
| July 20 | 62 | 180 | |||
| Sept. 4 | 25 | 178 | |||
| Dec. 2 | 10 | 173 |
At the end of the year, there were 35 units on hand. The Baby Store uses a periodic inventory system.
During the year, The Baby Store sold the strollers for $300 per unit. Calculate the number of units sold during the year and total sales revenue.
| Number of units sold | units | ||
| Sales revenue |
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