Question

Below is a record of the purchases and sales of inventory throughout the first four months:...

Below is a record of the purchases and sales of inventory throughout the first four months:

Units

Cost/Price Per Unit

1/1/x7 Beginning Balance

100

$3.50

1/31/x7 Purchase

125

$4.00

2/15/x7 Purchase

250

$4.50

2/25/x7 Sale

150

$7.75

3/10/x7 Purchase

300

$5.00

3/31/x7 Purchase

75

$5.50

4/10/x7 Sale

225

$8.25

4/15/x7 Purchase

100

$6.00

4/30/x7 Sale

350

$8.50

Requirements:

  1. How many units were available for sale throughout the year?
  2. What was the total value of all goods available for sale throughout the year?
  3. How many physical units were sold?
  4. How many physical units are in ending inventory?
  5. What is the total sales value for all three sales?

Units

Price Per Unit

Total

2/25/x7 Sale

4/10/x7 Sale

4/30/x7 Sale

Total

Each assignment must include a title page and reference page. Review the grading rubric to understand how you will be graded on this assignment. Review Module 4 Part 3 Lecture for examples related to your Critical Thinking assignment for this week. Reach out to your instructor if you have questions about the assignment.

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