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Calculate total amount to be assigned to cost of goods sold

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Reference no: EM132465433

There are 1,300 units of inventory on hand on September 30, 20-2. Of these 1,300 units:

100 are from October 18, 20-1             1st purchase

200 are from January 12, 20-2             3rd purchase

100 are from March 17                        4th purchase

400 are from June 2                            5th purchase

200 are from August 21                       6th purchase

300 are from September 27                  7th purchase

Required:

Question 1: Calculate the total amount to be assigned to cost of goods sold for the fiscal year ended September 30, average method, round the average unit cost to two decimal places. Round all final answers

Reference no: EM132465433

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