Answer:
Instructions are listed below.
Explanation:
Giving the following information:
(1) 150 units at $5 on January 1,
(2) 460 units at $6 on January 8, and
(3) 760 units at $8 on January 29.
Assume 915 units are on hand at the end of the month.
Cost of goods available for sale= 150*5 + 460*6 + 760*8= $9,590
Ending inventory= 760*8 + 155*6= $7,010
Cost of goods sold= 150*5 + 305*6= $2,580