Question:
Ziad Company had a beginning inventory on January 1 of 150 units of Product 4-18-15 at a cost of $20 per unit. During the year, the following purchases were made.
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Mar. 15
|
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400 units
|
|
at
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$23
|
|
Sept. 4
|
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350 units
|
|
at
|
|
$26
|
|
July 20
|
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250 units
|
|
at
|
|
$24
|
|
Dec. 2
|
|
100 units
|
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at
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|
$29
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1,000 units were sold. Ziad Company uses a periodic inventory system.
Determine the cost of goods available for sale.