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What are the number of units and the cost of goods available

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A company purchased merchandise to be resold at increasing costs during the year 2011. The purchases were made at the following costs...

January 1, 2011 (carried over from 2010)  20 units at $10

January 25, 2011 purchase                   40 units at $11

June 20, 2011 purchase                       40 units at $12

October 10, 2011 purchase                50 units at $13

The company sold 10 items at the end of each month.

Problem 1: What are the number of units and the cost of the goods available for sale?

Option 1: 150,1,770

Option 2: 145,1,500

Option 3: 155,1,775

Option 4: 160,1,890

Reference no: EM132741840

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