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3 years ago

A company uses the periodic inventory system and had the following activity during the current monthly period.

Business

1 answer:

Alekssandra [29.7K]3 years ago

3 0

Answer:

The answer is: $3,289

Explanation:

Date Units Unit price Inventory Average cost

Purchases

Nov. 1 103 units $20 per unit $2,060 $20 per unit

Nov. 5 103 units $22 per unit $4,326 $21 per unit

Nov. 8 53 units $23 per unit $5,545 $21.41 per unit

Nov. 19 30 units $25 per unit $6,295 $21.78 per unit

TOTAL 289 units $21.78 per unit $6,295 $21.78 per unit

Sales

Nov. 16 -138 units $21.78 per unit $3,006 $21.78 per unit

Ending inventory

Nov. 30 151 units $21.78 per unit $3,289 $21.78 per unit

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