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Calculate the net sales revenue for the transaction

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Question - Jolly uses the Perpetual Inventory System with Weighted-Average Cost Method. The following information is available.

1 Mar 2021 Inventory balance is 100 units at $200 each

8 Mar 2021 Sold 40 units with 10% trade discount and credit term 2/7 Net 14. The original selling price is $500 per unit.

25 Mar 2021 Purchased 10 units at $250 each

Required - Calculate the Net Sales Revenue for the transaction on 8 March 2021. Show your workings clearly.

Reference no: EM133055189

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