ACCT 216 ACCT216 Week 4 Homework Solution (Devry)

ACCT 216 ACCT216 Week 4 Homework Solution (Devry)

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ACCT 216  Week 4 Homework

Suppose Robotics, Inc.’s inventory records for a particular item indicated the following transactions in September:

 

September  1

Beginning Inventory

6 units @ $29

September 10

Purchase

19 units @ $32

September 22

Purchase

12 units @ $30

September 27

Purchase

4 units @ $31

 

Required: The company sold 22 units on September 30. Compute the ending inventory and cost of goods sold using each of the following methods:


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