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Calculate cost of goods available for sale

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Reference no: EM132830275

Problem - The following are the transactions for the month of July.

 

 

Units

Unit Cost

Unit Selling Price

July 1

Beginning Inventory

40

$10

 

July 13

Purchase

200

11

 

July 25

Sold

(100)

 

$14

July 31

Ending Inventory

140

 

 

Required - Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold average cost.

Reference no: EM132830275

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