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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
Synergy Company began 2017 with 16,500 units of Product X in its inventory that cost $7.00 per unit, and it made successive purchases of the product as follows: Mar. 7 23,500 unltsg 5 8.50 each
May 25 25.500 unltsg 5 10.50 each
Aug. 1 19,000 unltsQ 5 13.50 each
Nov. 10 28,3!) LlnltaQ 3 15.00 each The company uses a periodic inventory system. On December 31, 2017, a physical count disclosed that 12,500 units of Product X remained In inventory. Required:
1. Calculate the number and total cost of the units available for sale during 2017. Numberot unlts 125,511} Total cost of the units |:|
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