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Argosy University/ Phoniex University/
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Category > Accounting Posted 08 Aug 2017 My Price 4.00

Caciato Company

Assume the following data with regard to inventory for Caciato Company:

Aug.1 Inventory	40 units @ $10 per unit	$ 400
8 Purchase	50 units @ $11 per unit	550
22 Purchase	35 units @ $12 per unit	420
Goods available for sale	125 units	$1,370
Aug. 15 Sale	45 units
28 Sale	25units
Inventory, Aug. 31	55 units

Assuming that the inventory consists of 30 units from the August 8 purchase and 25 units from the purchase of August 22, calculate the cost of ending inventory and cost of goods sold.

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Maurice Tutor

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Status NEW Posted 08 Aug 2017 08:08 PM My Price 4.00

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