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Determine the closing inventory and cost of goods sold

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Reference no: EM133051775

Question - The following information relates to Balmoral Beach Pty Ltd during September, 2022:

1 September - Beginning Inventory 800 units @ $5

8 September - Purchased 900 units @ $6

10 September - Sold 1100 units @ $8

22 September - Purchased 900 units @ $7

28 September - Sold 1100 units @ $9

Assume there is no GST on these goods that Balmoral Beach Pty Ltd has bought and sold during the month.

Required - Determine the Closing Inventory & Cost Of Goods Sold for the following methods for September, 2022.

Reference no: EM133051775

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