Question - Milo Company had a beginning inventory of 400 units of Product Kimbo at a cost of $8 per unit. During the year, purchases were:
Feb. 20 300 @ $9 Aug. 12 600 @ $11
May 5 500 @ $10 Dec. 8 200 @ $12
Milo Company uses a periodic inventory system. Sales totaled 1,500 units.
Determine the cost of goods available for sale.