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

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Question - 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.

Required - What are the number of units and the cost of the goods available for sale?

1. 150,1,770

2. 145,1,500

3. 155,1,775

4. 160,1,890

Reference no: EM132743659

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