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saul85 [17]
2 years ago
14

Swifty Corporation sells one product and uses a perpetual inventory system. The beginning inventory consisted of 76 units that c

ost $22 per unit. During the current month, the company purchased 478 units at $19 each. Sales during the month totaled 360 units for $42 each. What is the number of units in the ending inventory
Business
1 answer:
dedylja [7]2 years ago
4 0

Answer:

Ending inventory in units= 194

Explanation:

Giving the following information:

The beginning inventory consisted of 76 units.

During the current month, the company purchased 478 units.

Sales during the month totaled 360 units.

<u>To calculate the number of units in ending inventory, we need to use the following formula:</u>

Ending inventory in units= total inventory - sales in units

Ending inventory in units= 554 - 360

Ending inventory in units= 194

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