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Find the cost of goods available for sale for the company

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Reference no: EM133098532

Question - Inventory information for City Group discloses the following for the month of July.

July 1 Balance 800 units @ $ 10 July 10 Sold 200 units @ $24

July 11 Purchased 300 units @ $ 12 July 15 Sold 500 units @ $25

July 12 Purchased return 8 units @ $ 12 July 16 Sale returned 5 units @ $25

July 25 Purchased 300 units @ $ 13 July 27 Sold 300 units @ $27

Required -

a) Using the perpetual inventory process find the cost of goods available for sale for the company.

b) Find cost of goods sold and ending inventory, using FIFO.

Reference no: EM133098532

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