Solution-Determine the cost of goods available for sale

Determine the cost of goods available for sale

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Reference no: EM132672679

Problem - Vaughn Distribution markets CDs of the performing artist Unique. At the beginning of October, Vaughn had in beginning inventory 2,000 of Unique's CDs with a unit cost of $5. During October, Vaughn made the following purchases of Unique's CDs.

Oct. 3 2,500 @ $6 Oct. 19 3,000 @ $8

Oct. 9 3,500 @ $7 Oct. 25 4,000 @ $9

During October, 10,850 units were sold. Vaughn uses a periodic inventory system.

Required - Determine the cost of goods available for sale.

Reference no: EM132672679

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Determine the cost of goods available for sale

Reference no: EM132672679

Reference no: EM132672679

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