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Discuss the cost of goods sold under average-cost

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Reference no: EM131821796

(1) A Company had 248 units in beginning inventory at a total cost of $30,256. The company purchased 496 units at a total cost of $72,912. At the end of the year, Lisa had 198 units in ending inventory

Compute the cost of the ending inventory and the cost of goods sold under average-cost. (Round average cost per unit and final answers to 0 decimal places, e.g. 1,250.)

(2) Indicate whether each item should be "Included" or "Not Included" from the inventory taking.

Purchase Discounts included/Not included

Reference no: EM131821796

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