ACT 300 Module 4 Cost of Ending Inventory

During April, Leary Company sold 1,000 units of Product Q. Product Q’s beginning inventory and purchases during the month are shown below. (Assume the periodic inventory system is used.) April 1	Beginning inventory	200 units @ $1
April 5	Purchases	200 units @ $2
April 10	Purchases	200 units @ $3
April 15	Purchases	200 units @ $4
April 20	Purchases	200 units @ $5
April 25	Purchases	200 units @ $6

 

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ACT 300 Module 4 Cost of Ending Inventory

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ACT 300 Module 4 Cost of Ending Inventory