Compute cost of goods available for sale, Accounting Basics

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Compute cost of goods available for sale

Anthony Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

Date Activities Units Acquired at Cost Units Sold at Retail

Mar. 1 Beginning inventory 50 units @ $50/unit
Mar. 5 Purchase 200 units @ $55/unit
Mar. 9 Sales 210 units @ $85/unit
Mar. 18 Purchase 60 units @ $60/unit
Mar. 25 Purchase 100 units @ $62/unit
Mar. 29 Sales 80 units @ $95/unit
Totals 410 units 290 units

Compute cost of goods available for sale and the number of units available for sale.

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Accounting Basics: Compute cost of goods available for sale

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Accounting Basics: Compute cost of goods available for sale

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Recent Questions Asked Accounting Basics

Q : What is the estate tax base

Q : Impact of liabilities and operations

Q : Fixed budgeting and flexible budgeting

Q : Proceeds allocated to cole preferred stock

Q : Compute cost of goods available for sale

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Compute cost of goods available for sale

Reference No:- TGS056390

Recent Questions Asked Accounting Basics

Q : What is the estate tax base

Q : Impact of liabilities and operations

Q : Fixed budgeting and flexible budgeting

Q : Proceeds allocated to cole preferred stock

Q : Compute cost of goods available for sale

Q : Price of bonds and interest rates

Q : Financial statement fraud from the federal government

Q : Problem on growth rate of the dividends

Q : Problems for consumers in e-commerce

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